Investment Group NextEra to Buy Symmetrix

NextEra Enterprises, an investment group backed by financier Michael Milken and Redwood Shores-based Oracle Corp.’s Lawrence Ellison, said it will acquire Symmetrix Inc. as the first step in creating a consulting firm with $1 billion in revenue. NextEra groups an unspecified number of investors along with the Oracle chief executive and the former junk bond financier. Milken is on probation while federal investigators consider whether his recent activities violate a 1990 settlement barring him from the securities industry. Lexington, Mass.-based Symmetrix, with annual revenue of $18 million, primarily serves the health-care and financial services industries, helping with complicated operations such as tax-free retirement plans. Executives at NextEra couldn’t be reached. An Oracle spokeswoman said Ellison’s outside investments are personal and not related to the firm’s operations.