Michael Dell stood on his own two feet early on. From his student dorm room in Austin, the then 19-year-old began assembling and selling computers. Business was so good that he dropped out of university in 1984 and founded PC's Limited. Four years later, the company changed its name to Dell and was listed on the New York Stock Exchange. Michael Dell was 23 years old at the time.

In this new episode of "True Deals", Judith Henke and Christina Kleinfeld shed light on Dell's strategic moves with private equity firms and lots of borrowed money, and how he managed to grow his wealth from $3.6 billion to over $50 billion in 10 years. He achieved this through a public-to-private transaction. Find out how such a transaction works and why private equity funds play a decisive role in it in the new episode of True Deals.

In the second part of the episode, Christina Kleinfeld talks to Jan Hoffmann, Head of Alternative Investments at FINVIA, about LBOs and public-to-private transactions. He names the most important German players in the private equity environment and explains why private equity funds can play a decisive role in delistings.

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This podcast is produced by Podstars by OMR. It is presented by the family office FINVIA and Finance Forward.

A new episode of True Deals about the machinations of international companies, corrupt managers and spectacular deals is published every second Friday.

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