Joele Frank is handling Dell Technologies' highly touted return to the stock market following a five-year absence.
Dell’s board today approved a $21.7B deal to buy out via cash or stock holders of Class V shares. Following the transaction, Dell’s Class C shares will be listed on the New York Stock Exchange.
Founder Michael Dell, who controls 72 percent of Dell’s shares, will remain in charge of the publicly traded company. “I am proud to lead this great company into its next chapter as we continue to evolve and grow to the benefit of our customers, partners, investors and team members,” he said in a statement.
He expects Dell to prosper due to its portfolio of technologies and services to drive the digital, IT, security and workforce transformations of customers.
Joele Frank, Wilkinson, Brimmer Katcher’s Joele Frank, Kelly Sullivan and Andrea Rose work the Dell business.