Dell to work with AlixPartners to reshape company after going private - sources
According to sources who were familiar with the matter, US computer maker Dell Inc has been working with AlixPartners LLP to turn the company around after its USD24.9 billion leveraged buyout. One of the people, who asked not to be named as the details were still private, also said AlixPartners would be acting as counsel for Dell. AlixPartners was General Motors Co's advisor when the latter filed for Chapter 11 bankruptcy protection back in 2009.
The leveraged buyout would be finalized by November 1 of this year, and is still subject for regulatory approval in Brazil and China. According to data compiled by Bloomberg, Dell would stand to have a debt of USD18 billion once the privatization deal closes.
Dell's and AlixPartners' spokespeople, David Frink and Tim Yost, refused to comment on the matter. Spokesman Gordon Goldstein, whose company Silver Lake Management LLC was with founder Michael Dell bought the Texas computer maker out, also declined to provide a comment.