Goodwin, Kirkland Guide Go-Private Deal For $6.9B SailPoint

Share on facebook
Share on twitter
Share on linkedin
Share on reddit

By Benjamin Horney (April 11, 2022, 8:10 AM EDT) — Texas-based identity and access management software provider SailPoint, advised by Goodwin Procter, will be taken private by Kirkland-led Thoma Bravo at a roughly $6.9 billion valuation, the companies said Monday, the latest big-money deal to signify the rising prominence of hybrid work.

Under the terms of the transaction, shareholders of SailPoint Technologies Holdings Inc. will receive $65.25 per share in cash, or a premium of 48% over the company’s average trading price over the last three months, according to a statement.

“SailPoint is ideally positioned to capitalize on the large and growing demand from modern enterprises for robust identity security solutions…

Read more

Explore the site

More from the blog

Latest News