Marlin Equity Partners and Samnite Technologies have been named the stalking horse bidders for the Multi Service Switch business of Nortel Networks. The two investors have made a $39 million cash bid for the business. Nortel filed for Chapter 11 bankruptcy protection in January 2009.
© 2020 PitchBook Data. All rights reserved. PitchBook is a financial technology company that provides data on the capital markets.