Michael Dell is extending a lucrative relationship reaching back to the late 1990s with his pick of Silver Lake Management LLC, the largest technology-focused private-equity firm, to pursue a $24.4 billion leveraged buyout of his computer company.
Silver Lake Management LLC and partners are close to lining up about $15 billion in funds for a buyout of Dell Inc., the third-biggest maker of personal computers, said people familiar with the matter.
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.
Silver Lake, the private-equity firm that co-owns Skype Technologies SA, generated returns of 85 percent from buying up technology company debt in the past 15 months and sees more opportunity to profit from the securities.
Silver Lake Management LLC, the biggest technology-focused private-equity firm, isn’t considering diversifying its business or taking itself public as its larger peers have done, co-founder Glenn Hutchins said.