Ariel Alternatives completed the acquisition of a 52.5% stake in Sorenson from Blackstone Credit, Franklin Templeton and KKR for $683m.

Ariel Alternatives, a private equity firm, completed the acquisition of a 52.5% stake in Sorenson, a provider of communications services and products, from investment managers Blackstone Credit, Franklin Templeton and KKR for $683m. “Their investment will enable us to optimize our capabilities, evolve our systems, platforms and approaches to improve the overall Deaf and hard-of-hearing communication experience, and accelerate R&D and next-generation technology investments to promote functional equivalency across the diverse communities we serve. I couldn’t be happier that we have closed such a monumental transaction, given our thesis of accessibility, inclusion and economic opportunities as underlying tenets of our mission to support underserved and underrepresented groups," Jorge Rodriguez, Sorenson CEO.