Leveraged finance deal of the year: Sungard Data Systems $11.3 billion LBO

The technology company’s buyout pushed back the limits of what is possible in LBOs.

At a glance:
Deal type:
$11.3 billion leveraged buyout of Sungard Data Systems by Silver Lake Capital Partners, Kohlberg Kravis Roberts, Providence Equity, Bain Capital, Blackstone Group, Texas Pacific Group, Goldman Sachs
Financial adviser: CSFB
Fairness opinion: Lazard
Financing arrangers: Deutsche Bank, Morgan Stanley, JPMorgan, Citigroup, Goldman Sachs


When the $11.3 billion leveraged buyout of Sungard Data Systems was announced in March 2005, it broke a number of records, shocking the market. At $3.5 billion, it was the largest equity cheque ever written for an LBO, the largest ever buyout of a technology company and included the largest ever consortium of sponsors.

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