Silver Lake has named Mark Gillett, Microsoft’s corporate vice president for Skype and Lync, as its next head of value creation. He will be based in Menlo Park, California.
Gillett will transition into the role at the start of 2014 when Silver Lake’s existing head of value creation, Charles Giancarlo, will move into a senior advisor role at the firm. The appointment marks a return to Silver Lake for Gillett, who joined the firm in 2009 from Alvarez & Marsal and led value creation in Europe until 2009. Shortly after Silver Lake acquired Skype in September 2009, Gillett left to become Skype’s chief transformation officer. He later transitioned to chief development and chief operating officer. Silver Lake sold Skype to Microsoft for $8.5 billion in 2011.
“Value creation is central to Silver Lake’s investment strategy, and Mark’s extensive operating experience, as well as his expertise in leading organizations through technology-driven growth and development, will be critical to advancing the operational performance of our portfolio companies,” Giancarlo said in a statement.
At Alvarez & Marsal, Gillett was a managing director responsible for leading the firm’s technology, telecoms and business services practice and growing its private equity services in Europe.
Last month, Silver Lake prevailed in its bid to take PC manufacturer Dell private in a deal valued at $24.9 billion. Silver Lake and Dell founder Michael Dell began their fight to take the tech giant private in February, but the firm’s initial bid was only the first step in a long and protracted process that saw rival proposals from The Blackstone Group and activist investor Carl Icahn.
Silver Lake now manages $20 billion in combined assets under management.