"The tech boom of the late '90's definitely influenced the Morgan Stanley analyst class of 1993," says Hollie Haynes, a managing director of Silver Lake Sumeru, the unit of PE firm Silver that works on middle-market deals.
The Menlo Calif. PE firm is as tech-savvy as it gets, touting such deals as the $8.5 billion exit of Skype Technologies SA to Microsoft Corp. (Nasdaq: MSFT) or the 2011 initial public offering of Groupon Inc. (Nasdaq: GRPN).
Haynes has been a driving force behind some of Silver Lake's most successful middle market investments including the one in Medseek, a Birmingham, Ala.-based health care software company in 2012, and Opera Solutions, a New York-based data analytics software company the firm bought in 2011 for $84 million. She is also the lead investor in Talend, an Irvine, Calif.-based software company that Sumeru bought in 2010.
"As a member of Silver Lake Sumeru's investment committee since its founding, it has been an incredible experience building the team and establishing it as a strong partner to our companies. We started SLS in 2008 and have had 12 portfolio companies, of which two have been sold to strategic buyers," says Haynes.
Haynes made her way to the top of SLS by getting her start as an investor with Silver Lake and she cut her teeth on the firm's first big buyout, playing a lead role in the firm's $2 billion buyout of Seagate Technology's (Nasdaq: STX) hard drive division in 2000.
"The company was purchased in the midst of the dot-com boom through a highly complicated structure that we designed. A year later, after doing nothing but executing this deal, we had completed one of the largest and certainly most complex tech buyouts ever," says Haynes.
After completing two years in the M&A department of Morgan Stanley, Haynes went on to graduate school at Stanford University Graduate School of Business and then to work at buyout shop Hellman & Friedman prior to joining Silver Lake.