SolarWinds to be Acquired by Turn/River Capital for $4.4 Bln

Dow Jones
02-07
 

By Adriano Marchese

 

SolarWinds has agreed to sell itself to San Francisco-based technology investment fund Turn/River Capital for $4.4 billion.

The software development business said Friday that it entered into a definitive agreement to be acquired in an all-cash deal for $18.50 a share.

The stock has risen 5.5% so far in the year to close on Thursday at $15.03. The stock is up about 21% over the past 52 weeks.

SolarWinds said the per-share price represents a premium of about 35% to the volume-weighted average closing price of its stock over the past 90 trading days to Feb. 6.

SolarWinds is a software company that supports a range of businesses to manage and optimize their systems, networks, and IT infrastructure.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

February 07, 2025 09:03 ET (14:03 GMT)

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