Silver Lake Announces Strategic Minority Investment by Dyal Capital Partners
07.12.16
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Simpson Thacher represented Silver Lake in connection with the acquisition by Dyal Capital Partners of a minority investment in Silver Lake. Silver Lake reported that 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. Dyal Capital Partners is a unit of Neuberger Berman that acquires minority equity interests in institutional alternative asset management companies.
The Simpson Thacher team included Jonathan Karen, Townshine Wu, Jordan Cross, John Tracy and Simon Lange (Private Funds); Gary Horowitz and Matt Rogers (M&A); and Jeanne Annarumma (Executive Compensation and Employee Benefits).