Going Private • Technology Hardware

Silver Lake Acquires SMART Storage Systems

On August 26, 2011, private equity firm Silver Lake acquired technology hardware company SMART Storage Systems for 645M USD

Acquisition Context
  • This is Silver Lake’s 3rd transaction in the Technology Hardware sector.
  • This is Silver Lake’s 27th largest (disclosed) transaction.
  • This is Silver Lake’s 37th transaction in the United States.
  • This is Silver Lake’s 11th transaction in California.
Investment Fate
  • SMART Storage Systems was sold to a publicly-traded strategic buyer in 2013 for 307M USD.

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M&A Deal Summary

Date August 26, 2011
Target SMART Storage Systems
Sector Technology Hardware
Buyer(s) Silver Lake
Deal Type Going Private
Deal Value 645M USD
Advisor(s) Barclays Investment Bank (Financial)
Davis Polk & Wardwell (Legal)

Target Company

SMART Storage Systems

Newark, California, United States
SMART Storage Systems, Inc. designs, develops, manufactures, and deploys enterprise memory modules and solid-state storage products.
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Buyer Overview 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 Context for Buyer #
Overall 50 of 137
Sector: Technology Hardware 3 of 5
Type: Going Private 9 of 17
State: California 11 of 36
Country: United States 37 of 97
Year: 2011 7 of 9
Size (of disclosed) 27 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 Airbnb

San Francisco, California, United States

Airbnb is a hospitality company that connects travelers with landlords in markets around the world. Airbnb was incorporated in 2007 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-14 ElectrifAi

Jersey City, New Jersey, United States

ElectrifAI is an operator of big data analytic firm delivering advanced analytics solutions that drive substantially better business results for top-tier organizations in financial services, government, healthcare, and other selected sectors. ElectrifAI was founded in 2004 and is based in Jersey City.

Buy -