Posted on: April 19, 2013 by Lawrence J. Aragon
Trending on peHUB this week: Sequoia Capital, Fortress, Harvard, traits of top startup CEOs, Oaktree, Bijan Sabet, Spark Capital, Affordable Care Act, KPS, Fenway Partners, Glenn Hutchins, Silver Lake and Montgomery & Co.
Posted on: April 19, 2013 by reuters-news
(Reuters) – Blackstone Group LP has ended its pursuit of Dell Inc., three people familiar with the matter said on Thursday, easing the way for founder Michael Dell and his private equity partner Silver Lake to go ahead with a $24.4 billion deal to acquire the world’s No. 3 PC maker.
Posted on: April 18, 2013 by Luisa Beltran
Silver Lake said Thursday it closed its latest large-cap technology investment fund at $10.3 billion. The target for Silver Lake Partners IV was $7.5 billion. The firm, which is bidding for Dell, said it received $10 billion in LP capital commitments. The $10.3 billion is the largest amount ever raised for technology investment focused PE fund, Silver Lake said.
Posted on: April 17, 2013 by Steve Gelsi
Silver Lake Co-Founder Glenn Hutchins doesn’t see the current economic recovery picking up any more steam, but he’s still bullish on the technology sector. Watch video of Hutchins’ April 4 keynote address at the Buyouts East conference.
Posted on: April 17, 2013 by reuters-news
Silver Lake, Michael Dell‘s partner in the $24.4 billion buyout bid for Dell Inc., could receive a $180 million break-up fee if a higher accepted bid comes from a rival such as Blackstone Group LP and billionaire investor Carl Icahn, Reuters reports.
Posted on: April 11, 2013 by reuters-news
(Reuters) – Foursquare has raised $41 million in debt financing from Silver Lake, Andreessen Horowitz, O’Reilly AlphaTech Ventures, Spark Capital, and Union Square Ventures, Foursquare founder Dennis Crowley wrote in a blog.
Posted on: March 28, 2013 by Steve Bills
The votes are in, and the majority of peHUB readers in our online poll believe that Michael Dell and Silver Lake will hold off competing offers to take Dell Inc. private.
Posted on: March 25, 2013 by reuters-news
A special committee of Dell Inc‘s board is evaluating separate takeover proposals from Blackstone Group and billionaire investor Carl Icahn to decide whether either or both are likely to trump an existing $24.4 billion take-private deal, writes Reuters. Icahn and Blackstone put in preliminary bids late last week, potentially upsetting the plans of the PC maker’s founder, Michael Dell, and private equity firm Silver Lake to take Dell private.
Posted on: February 1, 2013 by Roland Li
The potential $20 billion deal to take Dell Inc. private, which would be the largest buyout in years, should not be seen as a harbinger of more blockbuster deals, market sources said.
Posted on: January 29, 2013 by Steve Bills
With a buyout of Dell Inc. apparently gathering steam, we thought it might be opportune to tap the collective wisdom our readers on the signficance of the deal. A quick recap: A group of investors led by Silver Lake appears to be nearing an agreement with company founder and CEO Michael Dell, who owns 16 [...]