Items tagged with Silver Lake

After five years hidden from the scrutiny of Wall Street oversight, Dell is ready to re-emerge from its confines as a privately held company. The company went private in order to undertake a massive turnaround plan amid a wildly changing computing market, but now is ready to return as a public entity and as an even stronger force in the Tech sector. In a deal worth $21.7 billion, Michael Dell and the investment firm Silver Lake have announced an agreement to buy its tracking stock (DVMT) in exchange for a new class of public stock that will be listed on the New York Stock Exchange (NYSE).  During Dell’s reorganization as a private entity it has become more financially secure,... Read more...
Let's face it, sometimes a father knows best, and that applies to business as well. Hence why Michael Dell, founding father of the world's third largest PC company, fought so hard to take Dell private so that he could maneuver the firm in the path of his vision without being second guessed and scrutinized by shareholders every step of the way. And now a year removed from the $24.9 billion buyout, things are looking bright. Exceedingly bright, that is. Citing a pair of people with knowledge of the matter, Bloomberg reports that Michael and private equity firm Silver Lake Management LLC have made a paper gain of at least 90 percent on their investment. And if they're being honest, neither would... Read more...