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Private equity firm Silver Lake invests ₹5,655 crore in Jio Platforms Last Updated : 04 May 2020 01:51:48 PM IST Reliance Industries Chairman Mukesh Ambani Silver Lake is an American private equity firm focused on leveraged buyout and growth capital investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world and notable for participating in club deals.
On Monday morning, the world's largest tech investor invested in Jio. It announced an investment of Rs 5655.75 crore in Jio Platforms Limited ("Jio Platforms") for 1.15 per cent, becoming the company's second largest outside investor after Facebook. It has a terrific track record of investing in some of the largest and successful tech companies globally such as Twitter, Airbnb, Alibaba, Dell Technologies, ANT Financials, Twitter, Alphabet's Waymo and Verily amongst others.This investment is at a 12.5 per cent premium over the FB deal announced on April 22. The investment is Rs 5,656 crore in rupee terms for a 1.15 per cent stake. At this equity value, this is 52 per cent of the total market cap. of Reliance - a subtle message being that the RIL stock is under-valued at the current price.Silver Lake is the global leader in technology investing, with over $43 billion in combined assets under management and committed capital and a team of approximately 100 investment and operating professionals located around the world.Dedicated to the thesis that the dynamism and rapid pace of innovation in global technology demand intensely focused domain expertise, ABC devotes its full scope of talent and intellectual capital to the singular mission of investing in the world's leading technology, technology-enabled and related growth businesses.Applying the strategic insights of an experienced industry participant, the operating skill of a world-class management team, and sophisticated investing and structuring capabilities, ABC leverages the deep knowledge and expertise of a global team based in Silicon Valley, New York, London and Hong Kong.Launched in 1999 as a specialist firm focused on technology company investments, ABC has maintained its strategic discipline since its founding and engages in a synergistic and collaborative approach to investing across the investment strategies.IANS Menlo Park/New Delhi For Latest Updates Please-
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