Editorial Details

Editorial

07 Feb 2013 Michael Dell/Silver Lake Partners take private of Dell Inc

Michael Dell/Silver Lake Partners take private of Dell Inc - The USD24.4bn take private of Dell Inc by founder Michael Dell and Silver Lake Partners is the largest private equity transaction since the onset of the financial crisis in 2008. Mr Dell and associated funds contributed USD750m with Silver Lake Partners contributing USD1.4bn. Microsoft also provided debt finance together with USD13.75bn of debt finance from a bank syndicate comprising Bank of America, Barclays, Credit Suisse and RBC. Low financing rates and underutilised private equity capacity clearly contributed to the deal. Question marks remain over Dell's business model - given the grwoth plan relies on an increase in enterprise-focussed services. Nonetheless, the buy-out is huge - easily eclispsing other post-crisis private equity deals such as El Paso Corporation (USD7.2bn) and Samson Investment (USD7.2bn). Debevoise & Plimpton advised the Special Committee of Dell Inc.

Financial Centre : New York
Law Firm : Debevoise & Plimpton
Lawyer : Jeffrey J Rosen

Practice Area : Corporate and M&A
Classification : Financial Buyer Acquisitions
Sub-classification : Public-to-Private
Industry : Electronic & Electrical Equipment

Advised Party : Target Company
Value  Range: USD10000.01-30000.00

Target Company Jurisdiction : United States
Acquiror Jurisdiction : United States