GIC and PE firm Silver Lake seeks to extract $1.25b debt-funded payout from DNA analysis firm

Submitted By:  Staff Reporter Case Study:  No If approved, it would be one of the year’s largest dividend funded by junk debt. An investor group led by GIC and Silver Lake Management aims to pullout of a $1.25b payout with loan from Ancestry.com, a DNA-analysis and family tree company, in a deal that would be one of the largest payouts funded by junk debt this year, according to a report by Bloomberg. Silver Lake and GIC acquired a majority stake in Ancestry.com in 2016 in a deal valuing the company at US$2.6b. read more