SolarWinds Sells Out for $4.4B: The Price of Going Private Again!
SolarWinds, the observability and IT management giant, is set to be acquired by Turn/River Capital for $4.4 billion, turning it private once again. With a 35% premium on its share price, SolarWinds continues to shine bright in Austin, Texas, despite past security hiccups.
Hot Take:
SolarWinds getting snapped up by a private equity firm is like a plot twist in a soap opera nobody saw coming. After surviving a cyber soap opera of its own in 2020, SolarWinds is now set to go from public drama to private bliss. But with Turn/River Capital at the helm, will it be smooth sailing or just another season of IT melodrama? Tune in next quarter to find out!
Key Points:
- Turn/River Capital is acquiring SolarWinds for $4.4 billion in cash.
- The purchase price offers a 35% premium over the last 90-day stock price average.
- The deal is expected to close by the second quarter of 2025.
- SolarWinds will remain headquartered in Austin, Texas, as a privately held company.
- SolarWinds was previously acquired by Thoma Bravo and Silver Lake in 2016 for $4.5 billion.
Already a member? Log in here