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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對這家雲應用提供商的收購興趣
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.(紐約證券交易所股票代碼：WK)，一家提供報告和合規的雲應用程序提供商，吸引了私募股權公司的收購興趣。
  • 據彭博社報道，Thoma Bravo和TPG等公司已經與直接貸款人進行了融資談判，以支持潛在的交易。
  • Workiva由首席執行官馬丁·範德普雷格領導，在有報道稱有收購興趣之前，該公司的市值約為35億美元。
  • 8月份，Workiva報告第二季度收入增長24.6%，至 1.315億美元，超過了1.261億美元的共識。非公認會計準則每股收益虧損0.17美元，超過市場普遍預期的虧損0.26美元。
  • 訂閲和支持收入貢獻了1.134億美元，增長了24.3%。專業服務收入1820萬美元，增長26.5%。
  • 最近，Zendesk公司(紐約證券交易所股票代碼：ZEN)股東批准了以Hellman&Friedman和Permira為首的一批私募股權公司以102億美元收購這家軟件製造商的計劃。
  • 8月，Vista Equity Partners同意收購Avalara，Inc.(紐約證券交易所股票代碼：AVLR)達成一項價值84億美元的全現金交易。
  • 價格行動：WK股價週三收盤上漲17.64%，至76.15美元。
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