Hints and tips:
...Hollywood entertainment group Endeavor and its private equity partner Silver Lake, which have controlled Learfield since 2018, will become minority partners under the restructuring terms....
...Silver Lake assembled one of the heftiest equity cheques for a private equity buyout, which lowered the financing burdens of the deal....
...As part of the deal, two Silver Lake representatives joined the Software AG board, including Christian Lucas, Silver Lake’s co-head of Europe, the Middle East and Africa, becoming the technology company’...
...Other private equity deals in the agency world included Silver Lake’s investment in Ari Emanuel’s William Morris in 2012 and EQT’s investment in United Talent Agency last year....
...Mubadala has other investments in the US, which include a stake in US private equity firm Silver Lake thanks to close relations between its co-chief executive Egon Durban and Mubarak....
...Silver Lake already controls about 71 per cent of Endeavor’s voting rights....
...The buyer group includes the likes of Silver Lake, superagent Ari Emanuel and his sidekicks Patrick Whitesell and Mark Shapiro as well as a medley of wealth funds and other large institutional investors....
...Silver Lake is extracting its pound of flesh. Its loan is convertible into Viavi stock at $10.22. Viavi’s stock opened higher than that on Tuesday....
...“It’s got to be one of the deals of the decade,” said a large investor in both of the Silver Lake funds, who added that they were “excited about the cash distribution . . ....
...When Silver Lake alerted investors to their cash return, it said the sale of VMware was a “defining moment” for the $100bn in assets group....
...Silver Lake own well over half of Endeavor’s economic shares. Along with insiders like Emanuel, Silver Lake control 90 per cent of its voting power through three different share classes....
...US private equity group Silver Lake is considering taking Endeavor Group private, with a potential deal for Ari Emanuel’s Hollywood talent agency that would be one of the year’s largest buyouts....
...In November, Dell and Silver Lake completed the sale of VMware to Broadcom for $92bn, reaping part of an astounding windfall of $70bn for Dell, Silver Lake and their investors from the combined transactions...
...Firms including EQT, Cinven and Silver Lake have in the past few months either taken private or considered buying back public companies they owned or in which they held a large minority stake....
...Raine was an adviser when Silver Lake invested $500mn into City Football Group, owner of Premier League champions Manchester City, in 2019, and on the sale of Olympique Lyonnais in 2022....
...In today’s newsletter: DD chats with Silver Lake’s Egon Durban Private credit pounces on loan deals Silver Lake prepares for big ‘all-in’ bets US private equity group Silver Lake is up to big things....
...Silver Lake is concentrating its investments on “big all-in bets” as one of Wall Street’s most closely followed investors raises the ambition of its dealmaking operations amid expectations that more volatile...
...He has donated more than $600mn to Chicago organisations, even funding the reconstruction of the city’s pedestrian and cycling path along Lake Michigan....
...Silver Lake declined to comment and Sequoia did not immediately respond to requests for comment....
...The group’s shareholders should gear up for a fight with Silver Lake and Emanuel, Lex argues....
...Now a rival bid by Bain Capital has unearthed criticisms of Silver Lake’s complex deal dance....
...If Silver Lake can cut costs and improve profitability to 2019 levels of 28 per cent ready for a 2028 exit, that would beat the current expectations of analysts....
...Silver Lake controls 35 per cent of the shares....
...Silver Lake’s bid of $18.15 per share triumphed even though Thoma Bravo had considered making a higher offer, the people said....
...US private equity group Silver Lake and Canada’s largest pension fund have offered $12.4bn to buy experience management software company Qualtrics, in what would be one of the largest buyouts of the year...
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