InsideArbitrage Potential Deal: Vista Equity Partners exploring a deal for Coupa Software (COUP)

  • November 23, 2022

POTENTIAL DEAL DETAILS

Stock Coupa Software Incorporated Symbol COUP
Date Announced 11/23/2022 Source Bloomberg
Type News Report
Date of Confirmation: 12/12/2022 Price at Confirmation: $78.65
Potential Profit: 33.46% Annualized Profit: 642.85%

Vista Equity Partners is exploring an acquisition of Coupa Software (COUP) according to people familiar with the matter.

Update(s):

December 2, 2022: According to a 13D filing, Meritage Group, which owns 5.3% of Coupa (COUP), contacted the software company to express its views on a potential transaction and the price per share that they believe will be in the shareholders ’ best interests.

December 5, 2022: HMI Capital Management, (which owns 4.8% of Coupa (COUP)), stated in a letter to Coupa’s board that it will not support a deal unless it is at the right price and follows a sale process.

December 11, 2022; Thoma Bravo LLC is in advanced talks to acquire Coupa Software (COUP) after outbidding Vista Equity Partners, according to people familiar with the matter.

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