SolarWinds, a provider of observability and IT management software, has announced that it has entered into a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction valued at approximately US$4.4 billion.
Shareholders will receive US$18.50 per share, representing a 35% premium on the volume-weighted average closing price of SolarWinds stock over the past 90 trading days ending 6 February 2025.
Sudhakar Ramakrishna, President and CEO of SolarWinds, stated:
“We have built a strong record of supporting customers in their business transformations through solutions designed for hybrid and multi-cloud environments. We now look forward to working with Turn/River to enhance operational resilience for our customers through our SolarWinds Platform, incorporating our observability, monitoring, and service desk solutions.”
Dominic Ang, Founder and Managing Partner of Turn/River Capital, commented:
“We are excited to partner with SolarWinds. By combining our experience in software operations and investment with their focus on customer success, we aim to accelerate growth and further innovation.”
The transaction, which was unanimously approved by SolarWinds’ Board of Directors, is currently expected to close in the second quarter of 2025, subject to the satisfaction of required regulatory clearances and other customary closing conditions.
In addition to approval by the SolarWinds Board of Directors, Thoma Bravo, and Silver Lake, SolarWinds’ majority shareholders, who collectively hold approximately 65% of the outstanding voting securities of SolarWinds, have approved the transaction by delivering written consent.
No further shareholder approval is required to complete the transaction.
Upon completion of the transaction, SolarWinds’ common stock will no longer be listed on the New York Stock Exchange, and SolarWinds will become a privately held company.
The Company will continue to operate under the SolarWinds name and brand and remain headquartered in Austin, Texas.
Featured image credit: edited from freepik
