Friday, January 18, 2013

Everything You Wanted To Know About MSD Capital and Dell’s Empire (But Were Afraid To Ask)


From the NY Times’ Dealbook: The computer empire of Michael S. Dell spreads across a campus of low-slung buildings in Round Rock, Tex.  But his financial empire — estimated at $16 billion — occupies the 21st floor of a dark glass skyscraper on Fifth Avenue in Manhattan.

It is there that MSD Capital, started by Mr. Dell 15 years ago to manage his fortune, has quietly built a reputation as one of the smartest investors on Wall Street. By amassing a prodigious portfolio of stocks, companies, real estate and timberland, Mr. Dell has reduced his exposure to the volatile technology sector and branched out into businesses as diverse as dentistry and landscaping.

Now, Mr. Dell is on the verge of making one of the biggest investments of his life. The 47-year-old billionaire and his private equity backers are locked in talks to acquire Dell, the company he started with $1,000 as a teenager three decades ago, in a leveraged buyout worth more than $20 billion. MSD could play a role in the Dell takeover, according to people briefed on the deal…..

Read all about it at http://dealbook.nytimes.com/2013/01/17/michael-dells-empire-in-a-buyout-spotlight/?nl=todaysheadlines&emc=edit_th_20130118


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