Monday, September 18, 2006

Silver Lake Sells 2M Gartner (IT) Shares to ValueAct Capital

In an amended 13D filing on Gartner Inc. (NYSE: IT), Silver Lake Partners said on September 15th it entered into an agreement with ValueAct Capital Master Fund III, L.P. pursuant to which ValueAct agreed to purchase 2,000,000 shares of Common Stock from the Silver Lake Entities.

Prior to the sale to ValueAct, Silver Lake beneficially owned 25,615,128 shares of Gartner Common Stock. As a result of the sale to ValueAct, the Silver Lake Entities now own 23,615,128 shares of Common Stock, representing approximately 20.7% of the issued and outstanding shares of Common Stock.

Silver Lake has been selling pieces of its massive investment in Gartner for some time.

The purchase will boosts ValueAct Capital's stake in Gartner, which was last reported at 16.3% (18.6 million shares).

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