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TPG, Thoma Bravo Express Takeover Interest For This Cloud Application Provider

TPG, Thoma Bravo Express Takeover Interest For This Cloud Application Provider

TPG，Thoma Bravo Express对这家云应用提供商的收购兴趣
Benzinga Real-time News ·  2022/09/29 08:56
  • Workiva Inc (NYSE:WK), a cloud application provider for reporting and compliance, attracted takeover interest from private equity firms.
  • Thoma Bravo and TPG are among firms that have held financing discussions with direct lenders to support a potential transaction, Bloomberg reports.
  • Workiva, led by CEO Martin Vanderploeg, had a market valuation of about $3.5 billion before reports of the takeover interest.
  • In August, Workiva reported second-quarter revenue growth of 24.6% to $131.5 million, beating the consensus of $126.1 million. Non-GAAP EPS loss of $(0.17) beat the consensus loss of $(0.26).
  • Subscription and support revenue contributed $113.4 million, up 24.3%. Professional services revenue was $18.2 million, an increase of 26.5%.
  • Recently, Zendesk, Inc (NYSE:ZEN) shareholders approved a $10.2 billion planned acquisition of the software maker by a group of private equity firms led by Hellman & Friedman and Permira.
  • In August, Vista Equity Partners agreed to acquire Avalara, Inc (NYSE:AVLR) in an all-cash transaction valued at $8.4 billion.
  • Price Action: WK shares closed higher by 17.64% at $76.15 on Wednesday.
  • Workiva Inc.(纽约证券交易所股票代码：WK)，一家提供报告和合规的云应用程序提供商，吸引了私募股权公司的收购兴趣。
  • 据彭博社报道，Thoma Bravo和TPG等公司已经与直接贷款人进行了融资谈判，以支持潜在的交易。
  • Workiva由首席执行官马丁·范德普雷格领导，在有报道称有收购兴趣之前，该公司的市值约为35亿美元。
  • 8月份，Workiva报告第二季度收入增长24.6%，至 1.315亿美元，超过了1.261亿美元的共识。非公认会计准则每股收益亏损0.17美元，超过市场普遍预期的亏损0.26美元。
  • 订阅和支持收入贡献了1.134亿美元，增长了24.3%。专业服务收入1820万美元，增长26.5%。
  • 最近，Zendesk公司(纽约证券交易所股票代码：ZEN)股东批准了以Hellman&Friedman和Permira为首的一批私募股权公司以102亿美元收购这家软件制造商的计划。
  • 8月，Vista Equity Partners同意收购Avalara，Inc.(纽约证券交易所股票代码：AVLR)达成一项价值84亿美元的全现金交易。
  • 价格行动：WK股价周三收盘上涨17.64%，至76.15美元。
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