RMATICA yesterday agreed to be bought by Permira Advisers and the Canada Pension Plan Investment Board (CPPIB) for $5.3bn (£3.57bn) in the largest leveraged buyout so far this year.
Permira and CPPIB will pay $48.75 a share for the California-headquartered data-software company, according to a statement confirming an earlier report in The Wall Street Journal. The per-share price is about six per cent above the company’s closing price on Monday of $45.83.
Shares of Informatica had risen in anticipation of a possible deal as private-equity groups vied in an auction of the company.
WSJ reported in January that the company was working with investment bankers and had made contact with potential buyers.
Informatica helps companies to organise and analyse broad swaths of information, tapping the growing demand for help with managing what is known as big data. The company had revenue of around $1bn in 2014, up about 11 per cent.
Also in January, Elliott Management said it saw the company as “significantly undervalued”.