SolarWinds has announced its acquisition by Turn/River Capital for four point four billion dollars, translating to eighteen dollars and fifty cents per share. The deal, which has received unanimous approval from SolarWinds’ board of directors and written consent from majority shareholders Thoma Bravo and Silver Lake, will transition the company to a privately held status, removing it from the New York Stock Exchange. SolarWinds will retain its name and continue its operations from Austin, Texas.
Why do we care?
Disclosure, I am a shareholder. I guess I won’t be much longer!
I included this because I expect N-Able to go the same path. I’m a shareholder there too, so you know. The path for both the same. Go private, make changes without public market scrutiny or need for quarterly results, and then make your next exit decision in three to five years.
To be fair, if both of these happen, I no longer have disclosures to make.