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Turn/River Capital to take SolarWinds private in $4.4 billion deal

Summary by Channel News Asia

:SolarWinds said on Friday it would go private in a $4.4 billion deal with buyout firm Turn/River Capital, the latest sign debt-funded deals were set to rebound this year as borrowing costs decline.Shares of the IT management software firm were up 23 per cent. The stock has fallen 35 per cent in the past twel

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The Business Journals

Center

SolarWinds to be taken private in $4.4B private equity deal

An Austin tech company is about to be taken private in a massive private equity deal. In this story, we explore the early details of the planned buyout, as well as the company's history of being public and private.

2 months ago·United States

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Channel News Asia

Center

Turn/River Capital to take SolarWinds private in $4.4 billion deal

2 months ago·Singapore

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Cybersecurity Dive

Center

Private equity firm to acquire SolarWinds for $4.4B

SolarWinds, which now will go private, was embroiled in a massive supply chain attack in 2020 linked to Russia-backed threat actors.

2 months ago

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IT Brief Asia

SolarWinds to be acquired by Turn/River for USD $4.4bn

SolarWinds has struck a deal to be acquired by Turn/River Capital for around USD $4.4 billion, offering shareholders a premium of 35% per share.

2 months ago

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Dark Reading

SolarWinds to Go Private for $4.4B

Five years after a Russian APT infiltrated a software update to gain access to thousands of SolarWinds customers, the board has voted unanimously to sell at a top valuation and plans for uninterrupted operations.

2 months ago

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CSO Online

The SolarWinds $4.4 billion acquisition gives CISOs what they least want: Uncertainty

When SolarWinds on Friday announced a $4.4 billion cash deal for it to be acquired by private equity (PE) firm Turn/River Capital, it delivered the last thing that nervous enterprise CISOs want: Uncertainty, to be followed by more uncertainty. “Whenever a security company gets acquired by private equity, you never want to throw a party,” said Frank Dickson, group VP for IDC’s security & trust research practice. “It’s almost never positive.” Dick…

2 months ago

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