The Firm is representing Silver Lake Partners in the announced $24.4 billion acquisition of Dell, Inc. (NASDAQ: DELL). This transaction represents the largest private equity buyout since 2007. As part of the transaction, Michael Dell and certain related parties, who collectively hold approximately 16% of the Company’s shares, have agreed to rollover their shares into the acquiring entity. The transaction will be financed through a combination of cash and equity contributed by Mr. Dell, cash funded by investment funds affiliated with Silver Lake, cash invested by MSD Capital, L.P., a loan from Microsoft, rollover of existing debt, as well as debt financing that has been committed by Bank of America Merrill Lynch, Barclays, Credit Suisse and Royal Bank of Canada, and cash on hand. The transaction is subject to the approval of a majority of the unaffiliated stockholders and to customary conditions. Dell, based in Round Rock, Texas, is a global information technology company that offers its customers a broad range of solutions and services delivered directly by Dell and through other distribution channels.
The Simpson Thacher team working on the transaction includes: Rich Capelouto, Chad Skinner, Atif Azher, Nick Washburn, Kate Edwards, Jonathan Amt, Brian Osimiri, Erica Wilson, Dena Acevedo, David Ray, Alex Coffin (M&A); Bill Brentani, Michael Nathan, John Lobrano and Alexis Orenstein (Capital Markets); Jennifer Hobbs, Adam Shapiro and Seth Niedermayer (Credit); Laura Palma (Structured Finance); John Creed, Katharine Moir and Jason Vollbracht (Tax); Tristan Brown, Jennifer Wolff and Grace Wirth (Employee Benefits); Joe Tringali, Michael Naughton, David Shogren and Jane Lee (Antitrust); Jeff Ostrow, Joshua Walker, Mindy Lok, Jodie Sopher Pimentel, Michael Hasper, Roxana Niktab, Samantha Himelman, Emiko Kurotsu and Michelle Lyon (Intellectual Property); Michael Isby (Environmental); Krista McManus (Real Estate); Stacie McGinn (Regulatory); and Laura Twomey and Charles Platt (Personal Planning).
