FORTUNE -- Todd Morgenfeld has left private equity firm Silver Lake Partners to join Hewlett-Packard (HPQ) in a senior operating role. Yes, that's just as weird as it sounds.
Morgenfeld was intimately involved in Silver Lake's $24.4 billion buyout offer for Dell Inc. (DELL), whose chief rival just happens to be HP. That means he was around for due diligence, negotiations and strategic planning. Even if Silver Lake cut off his email and locked his office door, Morgenfeld still would have all that information floating around in his head.
I'd have to think his Silver Lake colleagues and Michael Dell were shocked to hear the news, and that his departure was heavily lawyered. Morgenfeld had been with Silver Lake since 2004, after having worked as a tech investment banker at Goldman Sachs (GS).
He already has been removed from the Silver Lake website, but an HP spokesman (who I may have woken up) said he wasn't yet in the HP directory.
Also worth noting that Morgenfeld is not the first Silver Lake exec to join HP. George Kadifa spent five years as a Silver Lake operating partner before joining HP to run its software unit last May. That departure came prior to Silver Lake and Michael Dell beginning discussions, which first occurred last July at Fortune's Brainstorm Tech conference.
Update: HP confirmed late Thursday night that Morgenfeld is joining as a senior VP to "help drive a pan-HP mobility strategy."
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Dell's top comp is having a tough day. Could it affect the final buyout price?
FORTUNE -- Yesterday I spoke with a banker who insisted that Michael Dell and Silver Lake Partners would never get their Dell (DELL) buyout done at $13.65 per share. He felt that the market had changed too much since the offer was accepted by Dell's board, as evidenced by Hewlett-Packard's (HPQ) stock surge over the past MOREDan Primack - Apr 2, 2013 1:39 PM ET
Don't expect a rival offer for Dell.
FORTUNE -- We are now 10 days away from the end of Dell Inc.'s "go-shop" period, during which the company can solicit superior bids to the existing $13.65 per share offer from Michael Dell and Silver Lake Partners. I continue to be highly skeptical that such an offer will materialize.
Just take a look at those known to have signed nondisclosure agreements in exchange for MOREDan Primack - Mar 13, 2013 12:28 PM ET
Klarman's ill-fated investment in the computer maker lasted a little over a year, and cost him and his investors around $150 million.
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The hedge fund manager, who is a cult hero on Wall Street - his out of print book on value investing Margin of Safety sells for $2,500 on Amazon - sold all MOREStephen Gandel, senior editor - Feb 13, 2013 6:25 PM ET
Dell's PC rivals have their say.
FORTUNE -- Dell Inc. (DELL) is going private, and now its rivals are beginning to chime in on the $24.4 billion deal.
First up was Hewlett-Packard (HPQ), which is the world's largest PC maker (and one that was going to spin off its PC division before Meg Whitman took over and scrapped the idea).
"The company faces an extended period of uncertainty and transition that will not MOREDan Primack - Feb 5, 2013 1:31 PM ET
Jonathan Bloomer is having a terrible, horrible, no good, very bad week.
FORTUNE -- Jonathan Bloomer probably thought he hit professional rock bottom last Wednesday.
His six-year-old insurance venture Lucida PLC announced that it would no longer write new business, entering a run-off process after original owner Cerberus Capital Management proved unable to find a buyer or co-investors. Bloomer also resigned as CEO, but said that he would stick around as a MOREDan Primack - Nov 21, 2012 12:10 PM ET
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