Michael Dell is the founder and chief executive of Dell, the world's third- largest computer hardware manufacturer by revenue. He currently owns about 15 percent of the Round Rock, Texas-based company. Through his New York-based investment firm, MSD Capital, Dell also controls an investment portfolio worth more than $9 billion.
Silver Lake Management LLC, the private-equity firm said to be discussing a potential buyout of computer maker Dell Inc., has raised more than $7 billion for its latest fund, according to two people briefed on the matter.
O. Mason Hawkins and G. Staley Cates, having made Southeastern Asset Management Inc. the second-largest investor in Dell Inc., told clients last year the computer maker was worth more than its sliding stock price suggested when viewed as a private company.
A leveraged buyout of Dell Inc. would require Michael Dell and private-equity firms to accomplish a feat not seen since 2007: pulling together more than $20 billion in equity and debt to finance the deal.
Dell Inc. rose to the highest price in more than four months, gaining for a third trading day, after an analyst at UBS AG raised his price target on optimism for the computer maker’s new offerings for corporate customers.
Fujitsu Ltd., Japan’s biggest provider of computer services, said the company will miss its annual shipment target for personal computers amid slow demand for Microsoft Corp.’s Windows 8 operating system.
In the 3 1/2 years since Michael S. Dell resumed running Dell Inc. , the computer maker he founded 26 years ago, he has made more than 10 acquisitions, cut 10,000 jobs and hired executives from Motorola Inc. and Nike Inc. to put some flash in the company’s products. Dell bought Perot Systems Corp. for $3.6 billion last year to expand into computing services.