SolarWinds, a supplier of observability and IT administration software program, has introduced that it has entered right into a definitive settlement to be acquired by Flip/River Capital in an all-cash transaction valued at roughly US$4.4 billion.
Shareholders will obtain US$18.50 per share, representing a 35% premium on the volume-weighted common closing value of SolarWinds inventory over the previous 90 buying and selling days ending 6 February 2025.
Sudhakar Ramakrishna, President and CEO of SolarWinds, said:
“We have now constructed a powerful file of supporting clients of their enterprise transformations via options designed for hybrid and multi-cloud environments. We now stay up for working with Flip/River to boost operational resilience for our clients via our SolarWinds Platform, incorporating our observability, monitoring, and repair desk options.”
Dominic Ang, Founder and Managing Accomplice of Flip/River Capital, commented:
“We’re excited to accomplice with SolarWinds. By combining our expertise in software program operations and funding with their give attention to buyer success, we goal to speed up progress and additional innovation.”
The transaction, which was unanimously permitted by SolarWinds’ Board of Administrators, is at present anticipated to shut within the second quarter of 2025, topic to the satisfaction of required regulatory clearances and different customary closing circumstances.
Along with approval by the SolarWinds Board of Administrators, Thoma Bravo, and Silver Lake, SolarWinds’ majority shareholders, who collectively maintain roughly 65% of the excellent voting securities of SolarWinds, have permitted the transaction by delivering written consent.
No additional shareholder approval is required to finish the transaction.
Upon completion of the transaction, SolarWinds’ widespread inventory will not be listed on the New York Inventory Trade, and SolarWinds will turn into a privately held firm.
The Firm will proceed to function underneath the SolarWinds identify and model and stay headquartered in Austin, Texas.
Featured picture credit score: edited from freepik
