Dell launches $5.5bln loan to back buyout – Reuters

Computer maker Dell Inc set indicative pricing on the new $5.5 billion loan backing the company’s approximately $25 billion buyout by founder and CEO Michael Dell and private equity firm Silver Lake Partners, sources told Thomson Reuters. The new deal will include a $1.5 billion, five-year term loan C and a $4 billion, 6.5-year term loan B. The term loans are expected to be covenant-lite, writes Reuters.

Reuters – Silver Lake’s Dell Bid Started at $11.22 per Share

Private equity firm Silver Lake Partners bid as low as $11.22 per share for Dell in mid 2012, when it first discussed a buyout with founder and CEO Michael Dell, writes Reuters. Since then Silver Lake and Michael Dell raised their bid to take the business private to $13.65 a share. At $24.4 billion, it would be the largest private equity-led buyout since the 2008 financial crisis, writes Reuters.

Texas Teachers’ Pledged $1.1B In Fourth Quarter

The giant Texas Teachers’ Retirement System committed more than $1.1 billion to private equity across seven investments in the fourth quarter, with some pledges going to long-time partners and some to new relationships…

Blackstone Didn’t Look at Dell

Stephen Schwarzman, Blackstone’s CEO, tells Bloomberg News that the buyout shop didn’t look at Dell and he doesn’t think the possible takeover of Dell will herald the return of mega-LBOs.

TPG, Silver Lake Provide Financing for RADVISION Deal

Avaya Inc., which is backed by TPG Capital and Silver Lake Partners, acquired RADVISION Ltd. The two buyout shops said in a statement Friday that they would provide a majority of the approximately $227 million required to fund the purchase. Avaya is a provider of business collaboration and communications technology. PRESS RELEASE TPG Capital and […]

Slideshow: In Good Health

Healthcare buyouts accounted for 65% of the value of the top ten global private equity deals in 2011, according to a report by Bain & company. This top ten takes a look at who paid the highest price and for what deals.

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