UPDATE 2-Temasek won't join Silver Lake for Dell buyout - source
* Temasek participation in Dell "not happening" - source
* Dell not a fit for Temasek's strategy - source
* Dell stock up 1.7 percent at $12.82
By Saeed Azhar
Jan 17 (Reuters) - Singapore state investor Temasek Holdings Pte Ltd is not interested in investing in Dell Inc as part of a consortium led by private equity firm Silver Lake Partners, a source with knowledge of the matter said.
"It's not happening," the source told Reuters on Thursday, responding to media reports that Temasek is one of the potential investment partners Silver Lake has tapped to join.
A Temasek spokesman declined to comment on market speculation.
Buyout firm Silver Lake Partners has tapped Credit Suisse , Bank of America Merrill Lynch, Barclays and RBC to finance a potential deal as talks to take Dell private advance, sources have previously told Reuters.
A second source aware of Temasek's strategy said a company like Dell does not fit into the firm's investment themes. Temasek's four themes are Transforming Economies, Growing Middle Income Populations, Deepening Comparative Advantages and Emerging Champions. Continued...