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Talend to sell to private equity firm Thoma Bravo in $2 4B deal

SHARE Data integration company Talend SA announced today it has agreed to be acquired by tech-focused private equity firm Thoma Bravo LP for $66 per share. The cash transaction values the company at $2.4 billion, or about 29% more than Talend’s Tuesday closing price and 81% above the volume weighted average price over the last 12 months. Talend’s board unanimously approved the memorandum of understanding, the companies said. The deal will make Talend a private company nearly five years after it became one of the first tech companies to go public following a long mid-decade lull in the market. The transaction “will deliver compelling and certain cash value to Talend shareholders and significant strategic, long-term benefits for our customers, employees and other stakeholders,” Talend Chairman Steve Singh said in a statement.

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