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Dec 23,
2013, 12:43pm CST
Dell buyout group
to raise $50M financing
The investor group that
financed the leverage buyout of
Dell Inc. shareholders plans to raise a $50 million financing.
The Round Rock-based Denali
Holding Inc. reported
the planned funding in a Dec. 19 filing with the
U.S. Securities and Exchange Commission. The company lists Dell
Inc. CEO
Michael Dell as both a director and executive officer, and
Egon Durban, managing partner and managing director of
Silver Lake Partners LP, the California firm that financed the
buyout, is listed as a director.
The financing is a private
offering of equity in the company, also known as friends and family
offering, according to Dell spokeswoman
Colleen Ryan.
Dell, the No. 3 computer
maker in the world, is the parent company of Plano-based Dell
Services. It employs 14,000 workers in Central Texas.
In late October, an
investor group led by
Michael Dell and Silver Lake
completed a $24.9 billion shareholder buyout of Dell Inc., taking
the company private after being publicly traded for 25 years.
Michael Dell has said the deal was necessary to enable company
executives to diversify Dell and refashion it as a full-service
technology company instead of primarily marketing moderately priced
personal computers.
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2013 American City Business Journals. |
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