s ▁board ▁of ▁direct ors ▁author ized ▁Luc zo ▁to ▁seek ▁advice ▁from ▁Morgan ▁Stanley ▁in ▁October ▁ 1 9 9 9 . ▁In ▁early ▁November ▁ 1 9 9 9 , ▁Morgan ▁Stanley ▁arranged ▁a ▁meeting ▁between ▁Se ag ate ▁execut ives ▁and ▁represent atives ▁of ▁Silver ▁Lake ▁Part ners . ▁On ▁November ▁ 2 2 , ▁ 2 0 0 0 , ▁Se ag ate ▁management , ▁Ver itas ▁Software ▁and ▁an ▁invest or ▁group ▁led ▁by ▁Silver ▁Lake ▁closed ▁a ▁complex ▁deal ▁taking ▁Se ag ate ▁private ▁in ▁what ▁was ▁at ▁the ▁time ▁the ▁largest ▁buy out ▁ever ▁of ▁a ▁technology ▁company . ▁The ▁total ▁deal , ▁worth ▁about ▁$ 2 0 ▁billion , ▁included ▁the ▁sale ▁of ▁its ▁disk - drive ▁operations ▁for ▁$ 2 ▁billion ▁to ▁an ▁invest or ▁group ▁led ▁by ▁Silver ▁Lake ▁Part ners . ▁The ▁goal ▁of ▁the ▁deal ▁was ▁to ▁un lock ▁the ▁value ▁of ▁the ▁ 3 3 % ▁ownership ▁st ake ▁Se ag ate ▁had ▁in ▁Ver itas , ▁which ▁had ▁put ▁the ▁value ▁of ▁Se ag ate ' s ▁stock ▁at ▁around ▁$ 3 3 ▁billion ▁even ▁though ▁its ▁market ▁cap ▁was ▁only ▁$ 1 5 ▁billion . ▁The ▁company ▁was ▁incorpor ated ▁in ▁Grand ▁C ay man ▁and ▁stayed ▁private ▁until ▁it ▁re - enter ed ▁the ▁public ▁market ▁in ▁ 2 0 0 2 . ▁ ▁Both ▁the ▁Stan ford ▁Gr adu ate ▁School ▁of ▁Business ▁and ▁the ▁Harvard ▁Business ▁School ▁have ▁written ▁multiple ▁case ▁studies ▁on ▁the ▁Se