Investcorp Shares Stratus Technologies –

Investcorp, a private equity firm with offices in New York, London and Bahrain, is selling an undisclosed portion of its ownership stake in Stratus Technologies, a supplier of computer systems, services, and technology for mission-critical applications, to DB Capital Partners, Compaq Computer and Intel Capital for $115 million.

The deal, which is expected to close Feb. 1, will be effected through a preferred stock purchase, where the three investors will acquire shares from affiliates of Investcorp.

DB Capital, the private equity arm of Deutsche Bank, will commit $50 million to the transaction, while Compaq and Intel will reportedly make equal commitments to meet the remainder.

Goldman, Sachs & Co. and Salomon Smith Barney are advisors in the deal for Stratus and Investcorp.

Upon completion of the deal, Investcorp and Stratus management will still retain a majority interest and voting control of the company.

Additionally, Massachusetts-based Stratus announced technology collaboration agreements with Intel Corp. and Compaq. With Compaq, Stratus will advance the highest levels of availability for industry-standard computing platforms, according to a statement. Stratus recently developed a line of Intel Architecture-based servers called Stratus ftServers with 99.99% availability for Microsoft Windows 2000 environments. Intel will now work with the company to assist in bringing fault tolerant capability to Intel Architecture-based solutions.

Investcorp originally acquired in Stratus Technologies in 1999 for $130 million.