Byron Trott’s BDT merging with Michael Dell’s MSD in billionaire tie-up

BDT & Company Holdings LLC and MSD Partners LP said they would combine in a merger of two billionaire-controlled investment firms. Billionaire Byron Trott of BDT, an investment firm founded by Trott after he became known as the banker for Warren Buffett, will be co-CEO of the combined company, along with Gregg Lemkau, who is CEO of MSD Partners, the investment firm founded by Dell Technologies Inc. founder and billionaire Michael Dell. Trott will be chairman of the combined firm, and Dell will be chairman of the firm’s advisory board. Terms of the deal were not disclosed. The combined firm plans to operate several lines of business including advisory services for families and companies, as well as investments in private capital, credit, real estate and growth equity.

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