SolarWinds Corporation (SWI) entered a merger agreement on February 7, 2025, to be acquired by private equity firm Turn/River Capital for $4.4 billion in cash.
Under the terms of the agreement, SolarWinds will be acquired by Turn/River Capital in an all-cash transaction for $18.50 per share, representing a premium of 23.09% from the stock’s last close.
SolarWinds is a company that provides easy-to-use IT management and monitoring software, helping businesses manage their networks, systems, applications, and databases worldwide.
Turn/River Capital is a private equity firm that invests in software companies, providing both capital and hands-on operational support to accelerate growth and build lasting value.
The deal is expected to close in the second quarter of 2025.
Thoma Bravo and Silver Lake, the majority shareholders of SolarWinds, collectively owning about 65% of the company’s outstanding voting securities, have approved the deal through written consent.
SolarWinds will become a private company but will keep its name, brand, and headquarters in Austin, Texas.
Goldman Sachs and Jefferies acted as financial advisors to SolarWinds, with legal guidance provided by DLA Piper. Turn/River Capital received financial advice from J.P. Morgan, Barclays, Santander, and RBC Capital Markets, while Kirkland & Ellis served as its legal counsel.
SolarWinds is being bought by Turn/River for 3.92 times its sales.
For a detailed analysis of this merger and acquisition transaction, visit the Deal Metrics page:
Deal Metrics for the acquisition of SolarWinds Corporation (SWI) by Turn/River Capital
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Editor’s Note: Baranjot Kaur contributed to this article