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Clearlake Capital Group

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business2 years ago•10 min saved

Alteryx to be Acquired in $4.4 Billion Take-Private Deal

Analytics Cloud Platform company Alteryx has entered into a definitive agreement to be acquired by private equity firms Clearlake Capital Group and Insight Partners for $4.4 billion, including debt. Under the agreement, Alteryx stockholders will receive $48.25 per share in cash, representing a 59% premium to the unaffected closing stock price. The transaction is expected to close in the first half of 2024, subject to customary closing conditions and approvals.

via PR Newswire|

#acquisition #alteryx #business

business2 years ago•2 min saved

Insight and Clearlake Near $5 Billion Deal for Alteryx

Insight Partners and Clearlake Capital Group, along with other private equity firms, are in advanced talks to acquire data analytics software company Alteryx for around $5 billion, including debt. The deal would offer a premium of more than 65% to Alteryx's share price before it was reported to be exploring a sale. Alteryx has faced competition from larger rivals and challenges in winning new business, leading to a suppressed valuation. The negotiations are ongoing, and it is uncertain if Alteryx's co-founder and Executive Chair will roll some of his stake in the deal.

via Reuters|

#alteryx #business #clearlake-capital-group