Company Overview of Silver Lake
Silver Lake is a private equity and venture debt firm. For venture debt, the firm invests in private later stage pre-IPO companies through both public and private debt instruments. The firm’s private equity investments focus on recapitalizations, leveraged buyouts, carve-outs, growth minority and take-private transactions, growth capital, and PIPEs in middle market and established large cap companies. It primarily targets technology, technology-enabled, and related growth industries with a focus on semiconductors, cloud computing, information technology infrastructure, tech-enabled financial markets, transaction processing, mobile communications, and e-commerce. In growth capital, the firm i...
2775 Sand Hill Road
Menlo Park, CA 94025
Founded in 1999
Key Executives for Silver Lake
Co-Founder and Co-Chief Executive Officer
Managing Director and Chief Financial Officer
Managing Director and Head of Marketing and Investor Relations
Compensation as of Fiscal Year 2013.
Silver Lake Key Developments
KKR Reportedly Exit In Auction To Buy IMG
Nov 25 13
Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) has exited an auction to buy IMG Worldwide, Inc. KKR exited an auction seen fetching more than $2 billion, according to people familiar with the matter. KKR withdrew last week, leaving Silver Lake in partnership with William Morris Endeavor Entertainment, LLC, CVC Capital Partners Limited in partnership with The Chernin Group, LLC and The Carlyle Group LP (NasdaqGS:CG) in partnership with ICM Partners as the private equity-backed groups in the race, the people said. KKR was pursuing IMG alone after another buyout firm, New Mountain Capital, LLC, dropped discussions about a potential joint bid, the people said on condition of anonymity because details of the auction are confidential. Final bids for IMG, whose clients include top tennis player Novak Djokovic and supermodel Gisele Bundchen and which owns the rights to numerous sports leagues, are expected by December, the people said. Spokespeople for IMG, ICM and Silver Lake did not immediately respond to a request for comment while William Morris, KKR, CVC, New Mountain and Chernin Group declined to comment.
Silver Lake To Reportedly Proceed With Auction Of Serena Software
Nov 25 13
Silver Lake is planning to proceed with the auction of its Serena Software, Inc. after talks aimed at selling Serena to Attachmate Corporation ended, reported Reuters citing people familiar with the matter. The people said that Silver Lake is now in talks with a small number of specialist buyout firms, including Veritas Capital and Platinum Equity, LLC, about selling its majority stake in Serena. A sale could value Serena Software at between $500 million and $700 million, much less than the $1.2 billion valuation Silver Lake placed on it when it took it over in 2006, the people said. The people also added that nevertheless, Silver Lake's latest $10.3 billion private equity fund was oversubscribed by investors earlier in 2013, making it more inclined to accept a loss on Serena Software and move on. The sources spoke on condition of anonymity because the sale process is confidential. Representatives for Serena Software and Attachmate did not respond to requests for comment while Silver Lake, Veritas Capital and Platinum equity declined to comment.
Silver Lake Appoints Mark Gillett as Managing Director and Head of Value Creation
Oct 31 13
Silver Lake announced that Mark Gillett, departing Corporate Vice President for Skype and Lync at Microsoft, will re-join the firm as Managing Director and Head of Value Creation. Gillett will succeed Charles Giancarlo, the current Head of Value Creation and a senior technology industry executive. Giancarlo, who will remain with Silver Lake through the end of the year and then transition into an advisory role, plans to return to a technology industry operating role.
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