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InsideArbitrage Potential Deal Alert: TPG, Francisco Partners in Talks to Buy New Relic New Relic (NEWR)

  • May 18, 2023


StockNew Relic, Inc.SymbolNEWR
Date Announced05/17/2023Source Wall Street Journal
TypeNews Report
Date of Confirmation: 07/31/2023Price at Confirmation: $83.98
Potential Profit: 0.17%Annualized Profit: 0.81%

According to WSJ, Private-equity firms Francisco Partners and TPG (TPG are working together on a $5 billion-plus bid to acquire software company New Relic (NEWR).


May 26, 2023: Private equity firms Francisco Partners and TPG Inc (TPG) have ended talks to acquire New Relic (NEWR) after they failed to secure enough debt financing to meet the business software company’s valuation expectations.

July 31, 2023: New Relic. (NEWR), announced that it has entered into a definitive agreement to be acquired by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternative asset management firm, for $87.00 per share in cash.

The all-cash transaction values New Relic at an equity valuation of approximately $6.5 billion.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.