GI Partners Ponied Up $500 Million for SoftLayer

The planned merger between The Planet and SoftLayer is still a topic of discussion, although it has cooled off a bit since the announcement was made at the beginning of August.

However, the amount of money surrounding this deal has been and is still subject to speculation.

Moody’s Investor Services, as reported by Private Equity Hub, puts the enterprise value at
$500 million for the 70 percent equity stake in SoftLayer held by GI Partners. The remaining 30 percent is held by company management.

peHUB reported additional financial details as follows: “The buyers also increased the amount of equity they are investing to $250 million, up from the initial $195 million. The deal for SoftLayer also reduces a term loan from $190 million to $150 million and eliminates both a $20 million revolving credit loan and a $20 million delayed draw term loan.”