M&A Deal Summary

Silver Lake Acquires Dell

On May 2, 2013, private equity firm Silver Lake acquired technology hardware company Dell for 24.4B USD

Acquisition Highlights
  • This is Silver Lake’s 5th transaction in the Technology Hardware sector.
  • This is Silver Lake’s largest (disclosed) transaction.
  • This is Silver Lake’s 44th transaction in the United States.
  • This is Silver Lake’s 4th transaction in Texas.
Investment Fate
  • Dell went public in 2018.

M&A Deal Summary

Date 2013-05-02
Target Dell
Sector Technology Hardware
Buyer(s) Silver Lake
Deal Type Going Private
Deal Value 24.4B USD
Advisor(s) Goldman Sachs (Financial)
Hogan Lovells (Legal)

Target

Dell

Round Rock, Texas, United States
Building 7 on Dell's campus in Round Rock, Texas.
Building 7 on Dell's campus in Round Rock, Texas.
Dell is a global provider of technology equipment and information technology software and solutions. Dell Technologies looks to bring together the entire infrastructure from hardware to software to services. Through its recent combination with EMC, Dell Technologies offers next-generation solutions through its Client Solutions Group, Infrastructure Solutions Group, VMware, Inc., RSA Information Security, SecureWorks Corp., Pivotal Software, Inc., Boomi, Inc., and Virtustream, Inc. Dell's solutions enable digital transformation and encompass software-defined data centers, all-flash arrays, hybrid cloud, converged and hyper-converged infrastructure, cloud-native software application development tools, mobile, and security solutions. Dell was incorporated in 1984 and is based in Round Rock, Texas.

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Buyer(S) 1

Buyer

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 59 of 135
Sector (Technology Hardware) 5 of 6
Type (Going Private) 11 of 17
State (Texas) 4 of 11
Country (United States) 44 of 95
Year (2013) 2 of 4
Size (of disclosed) 1 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Credit Karma

San Francisco, California, United States

Credit Karma, Inc. is a provider of free consumer credit scores, delivered online and via mobile devices to users on-demand. Credit Karma provides these customers comprehensive, consolidated, and integrated views of their financial condition through credit scores and personalized financial analytics and gives users access to unique offers from consumer financial services companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-27 CDW

Vernon Hills, Illinois, United States

CDW is a direct marketer of multi-branded information technology products and services to small and medium sized businesses, government, healthcare and education customers in the United States and Canada. CDW was incorporated in 1984 and is based in Vernon Hills, Illinois.

Sell -