Gores Group Completes Enterasys Networks Buy

Los Angeles-based private equity firm The Gores Group and Tennenbaum Capital Partners said that the firms have completed their $386M buy of network hardware maker Enterasys Networks. The private equity firms purchased publicly held Enterasys, taking the company private. Enterasys is a maker of multilayer switches, routers, WAN routers, wireless LAN hardware, and other network devices.