Friday, 29 August 2014
Last updated 13 hours ago
Jan 17 2013 | 8:08am ET
While Silver Lake Capital and TPG Capital see value in taking Dell Inc. private, another prominent private equity fund isn’t so sure.
Kohlberg Kravis Roberts considered acquiring Dell in a leverage buyout, but is not currently bidding for the troubled computer-maker, The Wall Street Journal reports. It is unclear what, if anything, scared KKR off from moving on Dell; it reportedly sees a lot to like in the company, including its franchise value, cash flow, the growth in some of its business and Dell’s falling stock price.
KKR has also previously worked with Silver Lake.
Silver Lake and TPG are reportedly in “serious” talks about taking Dell private and a deal, involving one or both of the firms, could come within six weeks. A pension fund could also join a bidding group involving the private equity shops, the 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...