American non-public fairness agency Silver Lake, the world’s largest tech investor invests introduced an funding of Rs 5655.75 crore in Jio Platforms.
(Photo Illustration by Avishek Das/SOPA Images/LightRocket through Getty Images)
Menlo Park/New Delhi: Silver Lake is an American non-public fairness agency centered on leveraged buyout and development capital investments in expertise, technology-enabled and associated industries. Founded in 1999, the agency is likely one of the largest expertise traders on the earth and notable for collaborating in membership offers. On Monday morning, the world’s largest tech investor invested in Jio. It introduced an funding of Rs 5655.75 crore in Jio Platforms Limited (“Jio Platforms”) for 1.15 p.c, turning into the corporate’s second largest exterior investor after Facebook. It has a terrific monitor file of investing in among the largest and profitable tech firms globally comparable to Twitter, Airbnb, Alibaba, Dell Technologies, ANT Financials, Twitter, Alphabet’s Waymo and Verily amongst others.This funding is at a 12.5 p.c premium over the FB deal introduced on April 22. The funding is Rs 5,656 crore in rupee phrases for a 1.15 p.c stake. At this fairness worth, that is 52 p.c of the whole market cap. of Reliance – a delicate message being that the RIL inventory is under-valued on the present value.
Silver Lake is the worldwide chief in expertise investing, with over $43 billion in mixed belongings below administration and dedicated capital and a group of roughly 100 funding and working professionals positioned all over the world.
Dedicated to the thesis that the dynamism and speedy tempo of innovation in world expertise demand intensely centered area experience, ABC devotes its full scope of expertise and mental capital to the singular mission of investing on the earth’s main expertise, technology-enabled and associated development companies. Applying the strategic insights of an skilled trade participant, the working talent of a world-class administration group, and complicated investing and structuring capabilities, ABC leverages the deep information and experience of a worldwide group based mostly in Silicon Valley, New York, London and Hong Kong.
Launched in 1999 as a specialist agency centered on expertise firm investments, ABC has maintained its strategic self-discipline since its founding and engages in a synergistic and collaborative strategy to investing throughout the funding methods.