Silver Lake Announces Strategic Minority Investment by Dyal Capital Partners
MENLO PARK, Calif. and NEW YORK, July 12, 2016 /PRNewswire/ -- Silver Lake, the global leader in technology investing, announced today that Dyal Capital Partners, a unit of Neuberger Berman that acquires minority equity interests in institutional alternative asset management companies, has acquired a minority investment in Silver Lake. Dyal acquired a passive, non-voting interest of less than 10% in Silver Lake in an all primary transaction, the proceeds of which will be used by Silver Lake for new growth initiatives and to extend the strength of its global investing capabilities. Evercore served as financial advisor to Silver Lake in this transaction.
The terms of the transaction are private and are not publicly disclosed.
About Silver Lake
Silver Lake is the global leader in technology investing, with over $24 billion in combined assets under management and committed capital. The firm's portfolio of investments collectively generates more than $100 billion of revenue annually and employs more than 245,000 people globally. Silver Lake has a team of approximately 100 investment and value creation professionals located in London, New York, Silicon Valley, Hong Kong and Tokyo. The firm's current portfolio includes leading technology and technology-enabled businesses such as Alibaba Group, Ancestry, Avaya, Broadcom Limited, Cast & Crew, Cegid, Ctrip, Dell, Fanatics, Global Blue, GoDaddy, Intelsat, Motorola Solutions, Quorum Business Solutions, Red Ventures, Sabre, Smart Modular, SolarWinds, Symantec, Vantage Data Centers, and WME/IMG. For more information about Silver Lake and its entire portfolio, please visit www.silverlake.com.
About Dyal Capital Partners
Dyal Capital Partners is a private equity program dedicated to acquiring minority equity stakes in institutional and highly-established alternative asset managers. Since 2011, the team has completed 17 transactions across three permanent capital funds with more than $6 billion in aggregate AUM. The Business Services Platform ("BSP") provides strategic support to Dyal's underlying partners across five pillars: Client Development & Marketing Support, Consultant Coverage, Talent Management, Product Development and Best Practices Advisory. Dyal's objective is to ultimately partner with exceptional alternative asset management firms with experienced management teams and successful track records. The Dyal team is located in New York and London. For more information, please visit www.dyalcapital.com.
Contacts
Media contact for Silver Lake:
Patricia Graue, 212-333-3810
[email protected]
or
Media contact for Dyal:
Alexander Samuelson, 212-476-5392
[email protected]
SOURCE Silver Lake
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