The Firm is representing Silver Lake Partners in the announced $24.4 billion acquisition of Dell, Inc. (NASDAQ: DELL). This transaction represents the largest private equity buyout since 2007. As part of the transaction, Michael Dell and certain related parties, who collectively hold approximately 16% of the Company’s shares, have agreed to rollover their shares into the acquiring entity. The transaction will be financed through a combination of cash and equity contributed by Mr. Dell, cash funded by investment funds affiliated with Silver Lake, cash invested by MSD Capital, L.P., a loan from Microsoft, rollover of existing debt, as well as debt financing that has been committed by Bank of America Merrill Lynch, Barclays, Credit Suisse and Royal Bank of Canada, and cash on hand. The transaction is subject to the approval of a majority of the unaffiliated stockholders and to customary conditions. Dell, based in Round Rock, Texas, is a global information technology company that offers its customers a broad range of solutions and services delivered directly by Dell and through other distribution channels.
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