Friday, 27 November 2015
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…