Sinch AB, a cloud communications company specializing in mobile customer engagement, has acquired Inteliquent, an independent voice communications provider in the United States, from GTCR LLC, a private equity firm, for a total cash consideration of $1.14 billion. Sinch expects the transaction to broadens its communications platform as a service offering and provide the company a leadership position in U.S. voice communications.
“Becoming a leader in the U.S. voice market is key to establish Sinch as the leading global cloud communications platform. Inteliquent serves the largest and most demanding voice customers in America with superior quality backed by a fully-owned network across the entire U.S. Our joint strengths in voice and messaging provide a unique position to grow our business and power a superior customer experience for our customers,” commented Oscar Werner, Sinch CEO.
Handelsbanken Capital Markets acted as financial advisor and K&L Gates LLP as legal advisor to Sinch in the transaction. Rothschild & Co served as lead financial advisor to Inteliquent and Latham & Watkins LLP served as legal counsel. Truist also serves as financial advisor to Inteliquent