Wireless Logic

Wireless Logic, a British telecoms firm, has sold a minority stake to US private equity group General Atlantic, valuing the business at £3.5 billion.

Summary of transaction details:

• Value: £3.5 billion
• Sector: Software & SaaS
• Advisor: N/A
• Key Entities: Wireless Logic, General Atlantic
• Location: UK

Note: This deal marks a significant milestone for Wireless Logic, a profitable unicorn, as it expands globally with strategic investor General Atlantic.