SAP SE announced it has agreed to sell all of its 423 million shares of Qualtrics International Inc. as part of the acquisition of Qualtrics by funds affiliated with Silver Lake (collectively, “Silver Lake”) as well as Canada Pension Plan Investment Board (CPP Investments). At a purchase price of US$18.15 in cash per share, the transaction corresponds to a…
Global investment firm Silver Lake Partners to invest an additional Rs 1,875 crore in Reliance Retail Ventures, the retail arm of Reliance Industries Ltd (RIL), the company said in a press statement. “Reliance Industries Limited (‘Reliance Industries’) and Reliance Retail Ventures Limited (‘RRVL’) announced today that co-investors of Silver Lake will invest an additional Rs…
Byju’s announced that it has raised $500 million in a new financing round led by Silver Lake at a $10.8 billion valuation, reports TechCrunch. Existing investors Tiger Global, General Atlantic and Owl Ventures also participated in the new financing round, India’s second most valuable startup Byju’s said in a statement. “We are excited to welcome…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that Silver Lake will invest ₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75% equity stake in RRVL on a fully diluted…
Blackstone, one of the world’s leading investment firms, announced that it has reached a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. Current Ancestry investor GIC will continue to retain a significant minority stake in the company. This transaction…
France-headquartered provider of cloud-based payroll and HR software Silae, and investment firm Silver Lake recently announced that Silver Lake is to acquire 100% of Silae from its founding shareholders. According to the company statement, the founding shareholders intend to remain involved in the business. Co-Founders of Silae, Jean-Paul Bagou, Michel Delolme, Didier Fléchet, Philippe Marty…
Reliance Industries Limited and Jio Platforms Limited announced that KKR will invest ₹ 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. This is KKR’s largest investment in Asia and will translate into a 2.32% equity…
Reliance Industries Limited and Jio Platforms Limited announced that Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms. “In the wake of the severe economic disruptions caused by the COVID-19 pandemic, globally and especially within India, this partnership with one of the most renowned tech-investors globally, Silver Lake, has special significance. Comprehensive digitisation will…
Airbnb, a community marketplace for people to list, discover, and book unique accommodations around the world online announced it has secured investment worth $1 billion from equity firms Silver Lake and Sixth Street Partners. The investment will bolster its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry. The…
Waymo, the Alphabet’s self-driving company unit, announced it has raised $2.25 billion in its first external round of funding. As per the company’s statement, several Silicon Valley investors participated in the funding round. Investors that took part in the funding round include Silver Lake, Andreessen Horowitz, AutoNation and its parent company Alphabet. The company will…