Kkr milennium fund, and silver lake partners ii, and also including. Under the terms of the agreement, silverlake axis will acquire 100 percent of the. Sungard files to go public after a decade owned by private. Silver lakes capital investment will support quorums continued growth.
Bain capital llc, blackstone group lp, goldman sachs capital partners lp. In the largest private equity deal since the rjr nabisco buyout in 1989, a group of seven private equity firms led by silver lake partners has agreed to buy financial software company sungard. Providence equity partners llc, silver lake, and tpg capital lp texas pacific group. Silver lake is a private investment firm focused solely on making largescale investments in leading technology companies. Sungard was an american multinational company based in wayne, pennsylvania, which provided software and services to education, financial services, and public sector organizations. Silver lake leads acquisition of sungard, largest tech. Silver lake, which has investments in ameritrade, gartner and seagate technology, approached sungard in november after it announced a plan to spin off its disaster data recovery business into a.
Transaction ranks as second largest lbo ever wayne, pa sungard nyse. The middlemarket arm of private equity firm silver lake said on thursday it will. About silver lake partners silver lake partners is the leading private equity firm focused exclusively on largescale investing in technology and related growth industries. Heres our story to run in tomorrows mercury news free registration, or see extended entry. It does not include portfolio holdings received as a result of a disposition, such as the common stock of an acquirer of a silver lake portfolio company. Avaya is a global leader in enterprise communications systems. Nasdaq omx offers multiple capital raising solutions to companies around the globe. Capital firms agree to buy sungard data in cash deal the.
Its portfolio includes or has included technology industry leaders such as ameritrade, avago, business objects, flextronics, gartner, instinet, ipc systems, mci, nasdaq, network general, nxp, seagate technology, serena software, sungard. Sabre holdings, seagate technology, serena software, sungard, td ameritrade, technicolor sa, ugs corp. A former sungard treasury systems technology chief, tucker in 2001. Sunoco, and was using its profits to buy dozens of financial, government and college software services across europe and asia as well as north america. Andy schader joined silver lake in 2008 and is a managing director and general counsel of silver lake partners and alpine. The company provides unified communications, contact centers, data solutions, and related services directly and through its channel partners to leading businesses and organizations around the world. An experienced provider of software to companies of all sizes, blackline provides.
Aras provides product lifecycle management software solutions to the worlds leading manufacturers of complex, connected products. Sungard is a global provider of software and processing solutions and business continuity services. Silver lake partners is the leading private equity firm focused. Silver lake had helped finance the companys launch in 2010 with the renovation of a former intel property in santa clara. Includes all current investments made by funds that follow the silver lake partners, silver lake alpine, silver lake sumeru, and silver lake kraftwerk strategies. The company uses its experience in recovery to design, build and run production environments that are resilient and available.
Private equity vultures surrender phillyarea tech firm to. Silver lake seeks to achieve superior returns by investing with the strategic insight of. Silve r l a ke par tners makes private equity investments in large cap technology compa nies. Silver lake is an american private equity firm focused on leveraged buyout and growth capital.
Hutchins, a cofounder and managing member of silver lake partners, said on behalf of the private equity consortium, sungard begins its new life as a private company today. Silver lake current investments silver lake partners. The transaction was accomplished through the merger of solar capital corp. Sds announced today the completion of the acquisition of sungard data systems inc. Silver lake partners was the firms original business founded by jim davidson, d ave roux, rog er mc namee and glen n hutchins, and comprises the bulk of the firms assets under management. The consortium, led by technologyfocused investment firm silver lake partners, includes bain capital, the blackstone group, goldman sachs capital partners, kohlberg kravis. Sungard is a global provider of software and processing solutions and business continuity services through its four divisions. Includes all prior investments by funds that follow the silver lake partners, silver lake alpine, silver lake sumeru, and silver lake kraftwerk strategies. Sungard s core business linesdisaster recovery and software processing serviceswill remain under one roof, according to glenn hutchins, a cofounder and managing member of silver lake partners. Silver lake sumeru, the firms middlemarket group, is leading an investment in blackline systems, a maker of accounting software, the company is announcing on thursday. Silver lakes mission is to function as a valueadded partner to the management teams of the worlds leading technology franchises. Investment will support growth and market expansion for leading energy software company. Seagate technology, serena software, sungard data systems, thomson and ugs.
Providence equity partners, silver lake and the texas pacific group now tpg capital teamed up to buy sungard. Fidelity national information services to buy software. Providence equity partners, silver lake and tpg capital the chance to exit. Silver lake to buy accounting software firm blackline reuters. Tpg is a private investment partnership that was founded in 1992. Heres our story to run in tomorrows mercury news free registration, or see extended entry mega tech deal on tap. It also marks silver lake partners second investment in a energy software business, as the company continues to hold an interest in sungard. Silver lake partners makes private equity investments in large cap technology companies. Ul, tpg capital lp, bain capital llc, blackstone group lp, goldman sachs financial software maker sungard files. Silver lake partners is a private equity firm that focuses on just one discipline. Sungard is a global provider of software and processing solutions and. Silver lake partners slp silver lake alpine sla all portfolio companies. Also, at the time of its announcement, sungard would be the largest buyout of a.
Availability services, financial systems, public sector and k12 education. A decade before, in 2005, silver lake had teamed with. Silver lake partners was the firms original business founded by jim davidson, dave roux, roger mcnamee and glenn hutchins, and comprises the bulk of the firms assets under management. Ten years after banding together to buy sungard data systems inc. Sungard is a global provider of software and processing solutions and business. Aras product lifecycle management platform and applications connect users in all disciplines and functions to critical product information and processes across the. Silver lake unit invests in maker of accounting software. Silver lake partners, the global leader in technology investing, and silver lake kraftwerk, the firms energy and resource innovation strategy, announced today that they have agreed to acquire quorum business solutions quorum from funds. Silver lake announces strategic investment in quorum. In public statements and sec filings, the investment consortium organized by silver lake partners. T acquiring consortium was organized by silver lake partners and.
Sungard data systems to be acquired by private equity group. Nxp, seagate technology, serena software, sungard data systems, thomson and ugs. Sabre holdings to be acquired by tpg and silver lake. Kkr and silver lake to acquire agilents semiconductor. It led the 2005 acquisition of software maker sungard, the largest private buyout of a tech company, and silver lake recently raised two funds.
Silver lake and partners group to invest in global blue, a leading provider of technologyenabled processing solutions for merchants, banks, and international shoppers news provided by silver lake. Sungard files to go public after a decade owned by private equity. It was formed in 1983, as a spinoff of the computer services division of sun oil company. Sungard, which formerly operated as sungard data systems inc. Seagate technology, skype, spreadtrum, sungard data systems, ugs. We are partners to worldclass management teams who seek to use our capital and expertise to build and extend their market leadership.
Kkr and silver lake partners announced today that they have kkr and silver lake to acquire agilents. Silverlake axis ltd acquires sungard ambit singapore. Silver lake kraftwerk is not making any new investments, other than followon investments. Fidelity national information services to buy software maker sungard.
Based in wayne, pennsylvania, sungard provides software and. Godaddy is a leading provider of cloudbased software and services that enable, empower, and improve the online presence of smallandmediumsized businesses. Silver lake was founded nearly two decades ago with a novel mission. Sabre holdings announces expiration of hartscottrodino waiting period for proposed sale to tpg and silver lake partners. The plan right now is to keep the two businesses together, said glenn hutchins, a cofounder and managing member of silver lake partners, in an. Silver lake kraftwerk has a portfolio of technology and technologyenabled growth businesses that seek to drive efficiency across the operations, energy, and resources industries. Fis fis to purchase financial software maker sungard for. Sabre holdings announces expiration of hartscottrodino. Consortium of private equity firms completes acquisition. Silver lake and partners group to invest in global blue, a. Sungard data systems to be acquired by private equity. Silver lake partners, the global leader in technology investing, and silver.
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