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December 18, 2007

GLG Cuts Deal with Silver Lake

Tonight the NY Times reported that Gerson Lehrman Group, the newfangled Web 2.0-ish (in the sense that it's tech-heavy and peer-to-peer) equity research outfit, has sold a 25% equity stake to Silver Lake Partners. According to the NYT, the deal values GLG at $875-million.

Impressive stuff, especially considering that GLG was started back in 1999 by two young guys. Congrats to everyone at GLG.

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