April 23, 2024

Mergers & Acquisitions

MSD Partners & BDT Commercial Bank Merge to Form Advisory & Investment Group

Michael Dell’s MSD Partners company has merged with Byron Trott’s BDT Commercial Bank to form an investment and advisory group with some of the world’s most famous billionaires and entrepreneurs.

The new group plans to capitalise on the current boom in entrepreneurship by supporting family businesses and their heirs. Together, the two companies will manage a combined $50 billion.

Trott and MSD CEO Gregg Lemkau will lead a new company formed by the two firms. Lemkau has a wealth of experience in the tech industry, having advised Elon Musk, Jack Dorsey, and Travis Kalanick, the founder of Uber.

BDT, which has a list of the world’s richest people, and MSD, Dell’s fast-growing private equity group, are joining forces. The new company will be headquartered in Chicago and will have an initial capitalization of $10.4 billion.

BDT is planning to set up a new private investment company with Greg, Byron, and their joint team. The cultures of two companies are similar, and Dell is committed to helping them build a company that will last for generations.

Dell Technologies, the computer company he founded, made him rich. To manage his fortune, he set up his family office.

After the financial crisis, Dell turned his family office into MSD, an investment firm that raised outside investors and focused on mid-size acquisitions, real estate, and credit.

 

In recent years, the PC company has transformed into a tech empire, having strong ties with Silver Lake Partners in order to keep up with new technologies.

Ardea Partners, a small bank for investments, advised the deal.

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