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 largest technology-focused private-equity manager, is cutting fees for big clients as it seeks to raise as much as $10 billion for its next buyout fund, according to a marketing document.
When Ken Duberstein’s secretary told him Michael Dell was on the phone on the afternoon of July 31, there was little doubt about the topic. That morning, Dell Inc.’s special board committee had rejected the latest offer from Dell to take the personal-computer company private, a battle that was dragging into its 11th month.
Avaya Inc., the business communications and collaboration provider controlled by TPG Capital and Silver Lake Partners, is seeking to extend its $1.3 billion term loan B-1 to March 2018, according to a person with knowledge of the transaction.
A former Wilson Sonsini Goodrich & Rosati PC attorney passed mergers and acquisition data in an insider-trading scheme that netted more than $32 million in illicit profits since 2006, U.S. prosecutors charged today.