Thursday, January 30, 2014

Marlin Equity Plans Tellabs Unit Spinout

Los Angeles-based private equity investor Marlin Equity Partners said Wednesday that it is planning to spin out its Tellabs Access products as an independent business. According to Marlin Equity, it has named Mike Dagenais as President and CEO of the Tellabs Access business, which will focus on optical local area networking products. Dagenais was previously CEO of Radisys Corporation, and also had served as CEO of Continuous Computing, Optical Solutions, and Convergent Networks. The deal is expected to be complete in the first quarter of the year. Tellabs was acquired by Marlin Equity in December; the remainder of the company is being merged into its other portfolio company, Coriant.