Week in Review: Dell, Twitter, and PE Regulation

Happy Friday, all…

The Dilatory Dell Deal is Done: On Thursday the Dell stockholders approved the $24.9 billion buyout by Mr. Dell and Silver Lake, making the computer giant a private company. Like any high-profile, year-long saga there are a few lessons that can be gleaned from the process. Analysts will likely continue watching Dell carefully to see if it can complete a transformation — or even handle its new debt burden. For a laugh, check out Carried Interest’s cartoon on the deal.

#IPO: Twitter has filed its S-1: Shortly after the Dell news, Twitter announced — via a Tweet, of course — that it had filed its S-1 with the SEC for a planned IPO. As if learning from Facebook’s missteps, Twitter’s emphasis on confidentiality may save it from too much attention — at least until the roadshow. The long-anticipated IPO, which is expected to occur in late 2013, is big news for the JOBS Act and the tech IPO market.

Will the SEC lighten up on PE? Jeb Hensarling and Scott Garrett, two leading Republicans in the House, submitted a letter to the SEC questioning the tighter regulatory environment being imposed by the SEC on private equity funds. The two claimed the new examination process has proven “burdensome, costly and inflexible,” and that the SEC should focus on less sophisticated investors. The duo asked for a response by September 20th. Read the full letter here.

Announced Transactions:

• Neiman Marcus is sold for $6 billion
• Nova Capital acquired Newell Rubbermaid’s Hardware Group for $214M
• TA Associates Buys BluePay
• Lockheed Martin Acquires Amor Group
• LexisNexis Acquires Enclarity
• Midland States Bancorp to Acquire Heartland Bank
• Advent International and CDIB Capital Acquire Coffee Bean & Tea Leaf
• Atlas Copco Acquires Pneumatic Holdings
• Announced Transactions — September 12, 2013
• Announced Transactions — September 11, 2013
• Announced Transactions — September 10, 2013
• Announced Transactions — September 9, 2013

Opinions:

• Five Reasons 8 out of 10 Businesses Fail
• 16 Surprising Statistics About Small Businesses
• Secondary Buyouts and LP Commitments to Rise
• Private Equity Firms are Holding Health Care Assets
• How to Take Risk Out of Your Company
• Investors Will Like Your Company Better if You Shorten Its Name
• Majority of Small Businesses Say No to Crowdfunding
• How to Fundraise with a Challenged Track Record

Member Spotlight:

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