Friday, 26 December 2014
Last updated 1 day ago
Jan 15 2013 | 1:30pm ET
Two top private equity firms are in talks to take computer-maker Dell Inc. private.
Silver Lake Partners and TPG Capital have been in talks with Round Rock, Texas-based Dell for the past two or three months. The conversations are "serious" and a deal would likely come within six weeks.
Dell, which went public a quarter-century ago, has seen its shares slump for several years. The company has seen several private equity approaches in recent years.
JPMorgan Chase is involved in the talks. Both Silver Lake and TPG could be part of a bidding group, and a pension fund could join them, The Wall Street Journal reports.
Dell founder Michael Dell retook the reins at the company five years ago. Dell, whose MSD Capital runs a hedge fund, could win greater flexibility and maneuverability if his company was privately-owned; Dell's profits fell almost 50% in its most recent fiscal quarter.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.