Silver Lake converts its $600 million bond into AMC equity, lightening the cinema giant's debt load while letting it take advantage of the market surge. by Silver Lake, the private equity owner of a chunk of AMC Entertainment Holdings's bonds is converting them into equity following a remarkable rally in the cinema giant's stock, as AMC struggles to ward off bankruptcy amid closures of movie theaters during the pandemic. Corporate News, Hot Corp. News, Private Equity. Mr Flynn is a qualified Chartered Accountant with 27 years' experience in investment banking and corporate advisory roles including private equity and special situations investments in the mining and resources sector. New Zealand Rugby's negotiations with US private equity firm Silver Lake are advancing, with reports suggesting a minority stake of up to 15 per cent could soon be sold off. It achieved revenue growth of 86% over the last year. | EU Privacy Preferences. Silver Lake is a global technology investment firm, with approximately $75 billion in combined assets under management and committed capital and a team of investment and operating professionals based in Menlo Park, New York, London, Hong Kong, Cupertino and San Francisco. One credit hedge fund manager told the Financial Times that Silver Lake made "the trade of a lifetime thanks to the basement bandits.". After a bit of research related to the explosive upside price move in June 2020, where Silver rallied from $17.75 to levels over $28.75 – an $11 Candle Body Range (nearly 2x the $5.40 range), our researcher team believes the next breakout move in Silver may be another 2x or 3x rally – ranging from an $11+ rally to a $16.50+ rally. The new capital pool, Silver Lake Partners VI fund, closed at its hard cap and is a step up from the firm's predecessor strategy which closed at $15bn in April 2017. For a complete list of Silver Lake portfolio companies, please click the Portfolio tab. Moving to Tech from Private Equity: 7 : 2d : 0: Anyone know anything about CenterGate Capital in Austin? In 2018, Silver Lake, invested $600 million into AMC via a debt offering due in 2024. About Silver Lake. The Silver Lake Erewhon threw open its in doors in September. American private equity (PE) firm Silver Lake has announced the final close of its sixth flagship buyout fund with $20 billion in total capital commitments.. 1 : 2d +20: Thoughts on Thoma Bravo, TPG Tech, KKR TMT, Silver Lake, other tech PE funds: 32 : 2d +3: Undergrad Full-Time 2022 PE Recruiting? Private Equity International's database of global private equity LP, GP and fund profiles is continually updated by our expert team. The conversion instantly makes Silver Lake the largest shareholder outside of Wanda Group, which has control of the company through its Class B stock (Wanda agreed to forfeit 5,666,000 Class B shares under the terms of the Silver Lake deal). The short squeeze in shares of AMC Entertainment Holdings gave the private-equity firm Silver Lake an unexpected opportunity to cash in, and just in the nick of time. Start your search now. Small-scale investors pouring into stocks in a collaborative effort to cripple short-selling hedge funds has seen the share price of Silver Lake-backed AMC Entertainment balloon. Still up substantially from the beginning of the month, when it was trading at $2. Silver Lake Group and Mudrick Capital flipped risky debt into equity in AMC after Wednesday's share price jump triggered the firms' convertible notes. Silver Lake Converts AMC Debt to Equity After Dazzling Stock Rally Private-equity firm converts its $600 million debt into equity following this week’s remarkable stock rally Small-scale investors pouring into stocks in a collaborative effort to cripple short-selling hedge funds has seen the share price of Silver Lake-backed AMC Entertainment balloon. Silver Lake may not be the only firm to take advantage. in 2019, Phillip was a senior investor at Silver Lake, a global leader in technology investing, focused on LBO and structured minority transactions across the technology and technology enabled business ecosystem. Prior to joining H.I.G. Silver Lake Completes $20 Billion Fundraise for SLP VI, TAL Announces Agreements for US$3.3 Billion of Private Placement with Silver Lake, Silver Lake and Mubadala Partner to Establish Unique Long-term Investment Strategy, Klarna announces $650M funding round led by Silver Lake to further accelerate global growth, Silver Lake to invest US$1 Billion in Reliance Retail. Last year amid the pandemic AMC and Silver Lake renegotiated the deal to help the cinema giant stay afloat, while extending the debt maturity to 2026. While it isn't yet clear if the firm sold during the surge, it too would see earnings in the hundreds of millions. The Global Leader In Technology Investing. AdChoices Silver Lake said on Wednesday it had raised about $20 billion for its buyout fund, Silver Lake Partners VI, as the technology-focused private equity firm looks to focus on large-scale investments. Last month Mudrick Capital Management, which also holds debt in AMC, converted $100 million of AMC debt into common stock. 7:46 AM PST 1/28/2021 On Thursday, AMC Entertainment, led by Adam Aron, opened at $16 per share, but as of writing had fallen below $9. TAL Education (TAL) to Raise $3.3B from Silver Lake and Others. The challenges facing the world today are enormous. The move will lighten AMC's debt load by $600 million, but will also see the company issue 44,422,860 Class A shares to Silver Lake, giving it an instant gain of $284 million. Article Related Press Releases ... Chairman of Silver Lake. FACEBOOK This demonstrates that the company has been improving recently and is good news for the shareholders. EMAIL ME. Private Equity Firm Silver Lake Cashes In AMC Shares For A $113 Million Gain. Silver Lake announced Wednesday it had closed buyout fund Silver Lake Partners VI at $20 billion, reaching its hard cap, company spokesman Matthew Benson confirmed in an email. Terms of Use | Silver Lake is a global technology investment firm, with approximately $75 billion in combined assets under management and … 12 : 2d +1: Deal on Resume - Not Much to Talk About? Privacy Policy | Sitemap | All rights reserved. Alex Weprin Silver Lake Management exited its equity stake in AMC Entertainment Holdings Inc., generating around $113 million after converting bonds to equity and selling the … Tech giant Silver Lake has wrapped up a record fundraising, amassing $20bn for its latest fund. The private equity industry, which invests billions of dollars and employs million of people, has an important role to play. Silver Lake is a global technology investment firm, with approximately $75 billion in combined assets under management and committed capital and a team of investment and operating professionals based in Menlo Park, New York, London, Hong Kong, Cupertino and San Francisco. THE HOLLYWOOD REPORTER is a registered trademark of The Hollywood Reporter, LLC. | California Privacy Rights TWITTER Silver Lake Resources Limited has seen its earnings per share (EPS) increase by 326% a year over the past three years. The trade puts Silver Lake and its co-investors in the black following a $600 million convertible bond investment that the private equity firm made … Private-equity firm Silver Lake, the theater chain’s second-largest holder, converted debt to 44.4 million AMC shares and sold them all on Jan. 27. © 2021 The Hollywood Reporter, LLC. With AMC's stock surging to nearly $20 per share Wednesday, the firm elected to convert its $600 million bond into AMC stock at a conversion price of $13.51 per share, according to a securities filing Thursday morning. At the same time, the popular casual trading app Robinhood announced that it would temporarily stop users from buying shares in certain companies including AMC and GameStop, only letting them sell instead. As the stock price of movie theater giant AMC Entertainment surged on Wednesday, the private equity firm Silver Lake used the volatility to its advantage. A Look at Silver Lake Resources Limited's Growth Numbers . Note: Past performance is not indicative of future results. Silver Lake is a global technology investment firm, with approximately $75 billion in combined assets under management and … | Do Not Sell My Personal Information Silver Lake’s portfolio of investments collectively generates more than $180 billion of revenue annually and employs more than 400,000 people globally. U.S. private equity firm Silver Lake is in advanced talks to acquire a minority stake in the commercial activities of New Zealand Rugby, home of the world-renowned All Blacks team, a … The pandemic is affecting communities differently, underscoring racial, ethnic and income disparities. New Zealand Rugby (NZR) has held talks with US-based private equity firm Silver Lake about the acquisition of a 15-per-cent stake in its commercial rights arm, according to various reports. Previously Phillip was private equity investor at Bain Capital. US private equity giant Silver Lake is in advanced talks with New Zealand Rugby to acquire a minority stake, between 10 per cent and 15 per cent, in … About Silver Lake.