SolarWinds completes $4.5B sale

SolarWinds completes $4.5B sale.

On Friday morning Austin software maker SolarWinds Inc. quietly completed its $4.5 billion sale to two investment firms.

Jason Ream, Solarwinds’ chief financial officer, said the day was business as usual for the 17-year-old company, with only an internal email announcement sent out notifiying employees the deal had closed.

In October, Silver Lake Partners and Thoma Bravo announced plans to take SolarWinds private. The offer was to pay shareholders $60.10 for each share of SolarWinds’ stock — a nearly 20 percent premium from where the stock was trading prior to the deal being announced. SolarWinds shareholders voted in January to approve the sale.

With the closing of the sale, SolarWinds becomes privately held, and its stock ceased trading on the New York Stock Exchange on Friday morning.

Leave a Reply

Your email address will not be published. Required fields are marked *