/// Silver Lake Contributed $1.4 Billion to Dell Buyout Offer, Filings Show
A huge trove of filings with the U.S. Securities and Exchange Commission containing new details about yesterday’s $24.4 billion leveraged buyout of Dell have just come out. While there’s still a lot we don’t know about the deal, there are some interesting new details. Here’s one: Silver Lake’s contribution, which as far as I know had only been guessed at, turns out to have been $1.4 billion. I’m no expert in all the nuances of how these things work, but the way I read this 8K , Silver Lake and Dell pooled that plus $750 million in cash plus 273 million shares of Dell stock worth about $3.7 billion as of today’s closing price for a combined $5.8 billion to fund and capitalize a holding company called Denali. The name Denali is interesting, because it was said to be used as a code word — specifically the name “Mr. Denali” — while the deal’s terms were being hashed out in a six-month negotiation process that began last August, according to Bloomberg News . It seems that Denali Holdings is the vehicle through which Dell the company will be acquired.
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Silver Lake Contributed $1.4 Billion to Dell Buyout Offer, Filings Show