NS M G ) ▁to ▁Ver itas ▁Software ▁in ▁return ▁for ▁ 1 5 5 ▁million ▁shares ▁of ▁Ver itas ' ▁stock . ▁With ▁this ▁deal , ▁Se ag ate ▁became ▁the ▁largest ▁share holder ▁in ▁Ver itas , ▁with ▁an ▁ownership ▁st ake ▁of ▁more ▁than ▁ 4 0 %. ▁However , ▁the ▁Se ag ate ▁board ▁of ▁direct ors ▁felt ▁that ▁the ▁market ▁was ▁incred ibly ▁under ▁pr icing ▁Se ag ate ' s ▁stock , ▁as ▁was ▁clear ▁from ▁a ▁ 2 0 0 % ▁increase ▁in ▁Ver itas ▁stock ▁versus ▁only ▁a ▁ 2 5 % ▁increase ▁in ▁Se ag ate ' s ▁stock . ▁▁ ▁Be coming ▁a ▁private ▁company ▁in ▁ 2 0 0 0 ▁ ▁In ▁ 2 0 0 0 , ▁Se ag ate ▁became ▁a ▁private ▁company ▁again . ▁Luc zo ▁led ▁a ▁management ▁buy out ▁of ▁Se ag ate , ▁bel ieving ▁that ▁Se ag ate ▁needed ▁to ▁make ▁significant ▁capital ▁invest ments ▁to ▁achieve ▁its ▁goals . ▁He ▁decided ▁to ▁turn ▁the ▁company ▁private , ▁since ▁disk ▁drive ▁produ cers ▁had ▁a ▁hard ▁time ▁obtain ing ▁capital ▁for ▁long - term ▁projects . ▁ ▁In ▁early ▁November ▁ 1 9 9 9 , ▁Luc zo ▁met ▁with ▁represent atives ▁of ▁Silver ▁Lake ▁Part ners ▁to ▁discuss ▁a ▁major ▁rest ruct uring ▁of ▁Se ag ate . ▁After ▁two ▁failed ▁attempts ▁to ▁increase ▁Se ag ate ' s ▁stock ▁price ▁and ▁un lock ▁its ▁value ▁from ▁Ver itas , ▁Se ag ate '