Siris Said to Be Closing California Office After Lack of Deals

Private equity firm Siris Capital Group is closing its office near San Francisco by year’s end as part of a reorganization, according to people familiar with the matter.

Siris opened the office in Palo Alto, California, in 2018 but hasn’t bought any Bay Area businesses since then, said the people, who asked not to be identified because the information was private. Deal opportunities involving West Coast companies that reached Siris’s executive committee represented only about 10% of the non-disclosure agreements signed by the firm, they said.

Partner Hilton Romanski and Mike Hulslander, a managing director, are separating from the ...