Silver Lake, Thoma Bravo Agree to Take SolarWinds Private in $4.5B Deal
October 22, 2015
Silver Lake Partners and Thoma Bravo have entered into a definitive agreement to acquire SolarWinds (NYSE: SWI) for $60.10 per share, or approximately $4.5 billion in cash. The purchase price represents a 43.5% premium to the company's closing stock price on October 8, one day prior to SolarWinds' announcement that it was exploring strategic alternatives. Founded in 1999, SolarWinds is a provider of hybrid IT infrastructure management software to a global customer base. Its solutions address a range of challenges related to networks, servers, applications, storage or virtualization. The IT business, which expects the transaction to close in 1Q 2016, generated $119 million in top line revenues during the second quarter of this year and expects to generate total 2015 sales of more than $500 million. J.P. Morgan is serving as financial advisor on the deal.