On the heels of *Nokia Siemens Networks* agreeing to buy Motorola’s equipment business for $1.2 billion, the company is now potentially seeking to raise at least $1 billion from several private equity groups. According to the WSJ, preliminary discussions have taken place with several firms, including Silver Lake Partners, TPG,Blackstone, Bain Capital and KKR. A deal could include multiple investors and would be complicated further by the fact that the company is jointly held between Finland’s Nokia (NYSE: NOK), and Germany’s Siemens.
According to the journal’s sources, the goal of the cash infusion is to prepare Nokia Siemens for an IPO in a few years, which would allow Nokia and Siemens to exit the joint venture, and private-equity to get a return on their investment.
Nokia Siemens said it decided to purchase the Motorola (NYSE: MOT) group because it would beef up the company