Saturday, 10 October 2015
Last updated 19 hours 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 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…