IPO Could Mean Silver Lake Exit
Dell Technologies confirmed on Friday that its board of directors is evaluating an IPO. In 2013, Michael Dell completed the largest private equity buyout in history, taking Dell private in a $25 billion deal with help from private equity firm Silver Lake Partners.
Silver Lake also helped finance Dell's $67 billion blockbuster EMC acquisition. A Dell IPO could give Silver Lake an opportunity to get a return on its investment while also enabling Dell to potentially go after remaining stake in VMware.
Besides Dell, Silver Lake, which bills itself as the global leader in technology investing, owns stakes in Alibaba Group, Symantec, SolarWinds, Tintri, Velocity Technology Solutions, and GoDaddy.