Press Release

Kirkland Represents Avaya on Strategic Partnership with RingCentral

Kirkland & Ellis LLP advised Avaya Holdings Corp. (NYSE: AVYA), a global leader in solutions to enhance and simplify communications and collaboration, on its strategic partnership with RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration and contact center solutions. Through this exclusive partnership, Avaya will introduce Avaya Cloud Office by RingCentral, a new global unified communications as a service (UCaaS) solution. RingCentral is contributing $500 million to its partnership with Avaya. The transaction is expected to close in the fourth quarter of calendar 2019 and is subject to customary closing conditions and regulatory approvals.

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The Kirkland team was led by corporate partners Jonathan Davis, Maggie Flores and Sarkis Jebejian and associate Lukas Richards; technology & IP transactions partners Neil Hirshman and Aaron Lorber; capital markets partners Joshua Korff, Michael Kim and Peter Seligson; debt finance partner Melissa Hutson and associate Yuli Wang; and tax partner Michael Beinus; and antitrust partners Ian John, Katherine Rocco, Michael DeRita, Mark Gardner and Sarah Jordan. Restructuring partner Jonathan Henes, who was the lead attorney on Avaya’s 2017 restructuring, was also involved on the transaction.