Thoma Bravo to take Qlik private in $3B transaction
June 03, 2016
Thoma Bravo has agreed to purchase visual analytics business Qlik (NASDAQ: QLIK) in an all-cash deal worth about $3 billion. The firm is offering $30.50 per share of Qlik common stock, which represents a 40% premium over the company’s unaffected 10-day-average stock price prior to March 3, the day activist investor Elliott Management publicly disclosed discussions with Qlik leadership about strategic opportunities to increase value for shareholders.
With Qlik’s tech offerings in self-service data visualization and guided analytics, it's fitting that the company inked a deal with Thoma Bravo, a shop focused on application & infrastructure software and technology-enabled services. In fact, Qlik wouldn’t be the firm’s first multibillion-dollar software purchase this year: In February, Thoma Bravo and Silver Lake jointly closed a $4.5 billion take-private buy of SolarWinds, a provider of IT management software.
Here are Thoma Bravo's other notable big-ticket software buys since the start of 2012: