SolarWinds to Be Acquired by Turn/River Capital
SolarWinds (NYSE:SWI) has announced a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction valued at $4.4 billion, or $18.50 per share. This represents a 35% premium over SWI's 90-day volume-weighted average closing price ending February 6, 2025.
The transaction has received unanimous approval from SolarWinds' Board of Directors and majority shareholders Thoma Bravo and Silver Lake, who collectively hold approximately 65% of voting securities. No additional shareholder approval is required. Upon completion, expected in Q2 2025, SolarWinds will become private and delist from NYSE, while maintaining its headquarters in Austin, Texas.
The company will continue operating under the SolarWinds name and brand, focusing on delivering operational resilience solutions through its platform's observability, monitoring, and service desk solutions.
SolarWinds (NYSE:SWI) ha annunciato un accordo definitivo per essere acquisita da Turn/River Capital in una transazione interamente in contante del valore di 4,4 miliardi di dollari, ovvero 18,50 dollari per azione. Questo rappresenta un premio del 35% rispetto al prezzo medio ponderato per volume di chiusura di SWI negli ultimi 90 giorni, terminato il 6 febbraio 2025.
La transazione ha ricevuto l'approvazione unanime dal Consiglio di Amministrazione di SolarWinds e dai principali azionisti Thoma Bravo e Silver Lake, che detengono collettivamente circa il 65% dei titoli con diritto di voto. Non è necessaria ulteriore approvazione degli azionisti. Una volta completata, prevista per il secondo trimestre del 2025, SolarWinds diventerà privata e sarà ritirata dal NYSE, mantenendo la sua sede ad Austin, Texas.
La società continuerà a operare con il nome e il marchio SolarWinds, concentrandosi sulla fornitura di soluzioni per la resilienza operativa attraverso l'osservabilità, il monitoraggio e le soluzioni di help desk della sua piattaforma.
SolarWinds (NYSE:SWI) ha anunciado un acuerdo definitivo para ser adquirida por Turn/River Capital en una transacción completamente en efectivo valorada en 4.4 mil millones de dólares, o 18.50 dólares por acción. Esto representa una prima del 35% sobre el precio promedio ponderado por volumen de cierre de SWI durante los últimos 90 días, que finalizó el 6 de febrero de 2025.
La transacción ha recibido la aprobación unánime de la Junta Directiva de SolarWinds y de los accionistas mayoritarios Thoma Bravo y Silver Lake, quienes en conjunto poseen aproximadamente el 65% de los títulos con derecho a voto. No se requiere ninguna aprobación adicional de los accionistas. Una vez completada, prevista para el segundo trimestre de 2025, SolarWinds se convertirá en una empresa privada y se eliminará de NYSE, manteniendo su sede en Austin, Texas.
La empresa continuará operando bajo el nombre y la marca SolarWinds, centrándose en ofrecer soluciones de resiliencia operativa a través de la observabilidad, monitoreo, y soluciones de servicio al cliente de su plataforma.
SolarWinds (NYSE:SWI)는 Turn/River Capital에 의해 인수되기로 하는 최종 계약을 발표했습니다. 이 거래는 44억 달러로 평가되며, 주당 18.50 달러입니다. 이는 2025년 2월 6일 종료된 SWI의 90일 거래량 가중 평균 종가 대비 35%의 프리미엄을 나타냅니다.
이번 거래는 SolarWinds의 이사회와 주요 주주인 Thoma Bravo 및 Silver Lake의 만장일치 승인을 받았으며, 이들은 총 65%의 의결권을 보유하고 있습니다. 추가적인 주주 승인은 필요하지 않습니다. 2025년 2분기 완료가 예상되는 이번 거래가 끝나면 SolarWinds는 비상장 회사가 되며 NYSE에서 상장 폐지되고, 본사는 텍사스주 오스틴에 유지됩니다.
회사는 SolarWinds라는 이름과 브랜드 아래 계속 운영될 것이며, 플랫폼의 가시성, 모니터링 및 서비스 데스크 솔루션을 통해 운영 저항력 솔루션을 제공하는 데 집중할 것입니다.
SolarWinds (NYSE:SWI) a annoncé un accord définitif pour être acquis par Turn/River Capital dans une transaction entièrement en espèces évaluée à 4,4 milliards de dollars, soit 18,50 dollars par action. Cela représente une prime de 35 % par rapport au prix de clôture moyen pondéré sur 90 jours de SWI se terminant le 6 février 2025.
La transaction a reçu l'approbation unanime du conseil d'administration de SolarWinds et des actionnaires majoritaires Thoma Bravo et Silver Lake, qui détiennent collectivement environ 65 % des titres avec droit de vote. Aucune approbation supplémentaire des actionnaires n'est requise. Une fois complétée, prévue pour le deuxième trimestre de 2025, SolarWinds deviendra une société privée et sera retirée de la NYSE, tout en maintenant son siège à Austin, Texas.
L'entreprise continuera d'opérer sous le nom et la marque SolarWinds, en se concentrant sur la fourniture de solutions de résilience opérationnelle grâce à la visibilité, à la surveillance et aux solutions de service de sa plateforme.
SolarWinds (NYSE:SWI) hat einen endgültigen Vertrag angekündigt, um von Turn/River Capital in einer vollständig bar bezahlten Transaktion übernommen zu werden, die auf 4,4 Milliarden Dollar oder 18,50 Dollar pro Aktie geschätzt wird. Dies stellt eine Prämie von 35 % gegenüber dem volumengewichteten durchschnittlichen Schlusskurs von SWI der letzten 90 Tage dar, der am 6. Februar 2025 endete.
Die Transaktion erhielt die einstimmige Genehmigung des Vorstands von SolarWinds sowie der Hauptaktionäre Thoma Bravo und Silver Lake, die zusammen etwa 65 % der stimmberechtigten Wertpapiere halten. Es ist keine weitere Zustimmung der Aktionäre erforderlich. Nach Abschluss, der im 2. Quartal 2025 erwartet wird, wird SolarWinds privat werden und von der NYSE abziehen, während der Hauptsitz in Austin, Texas, erhalten bleibt.
Das Unternehmen wird weiterhin unter dem Namen und der Marke SolarWinds agieren und sich darauf konzentrieren, Lösungen für betriebliche Resilienz über die Sichtbarkeit, Überwachung und Service-Desk-Lösungen seiner Plattform zu liefern.
- All-cash acquisition at $18.50 per share, representing 35% premium
- Total enterprise value of $4.4 billion
- Already secured approval from majority shareholders (65% voting power)
- No additional shareholder approval required, streamlining the process
- Delisting from NYSE, reducing public investment opportunities
- Shareholders will lose potential future upside after going private
Insights
This landmark
Several key aspects make this deal particularly significant:
- The transaction structure eliminates financing contingencies, with an all-cash offer providing certainty of execution
- Pre-secured approval from majority shareholders (
65% voting control) significantly reduces closing risk - The timing aligns with broader market consolidation in enterprise software, where private equity firms are actively acquiring public companies to drive operational improvements
Turn/River's expertise in software operations suggests a focus on accelerating SolarWinds' product innovation and market expansion. The firm's track record in scaling B2B software companies through operational improvements and go-to-market optimization could unlock significant value. For the broader IT management software sector, this deal may trigger further consolidation as private equity firms identify similar opportunities in public markets.
The premium valuation could set new benchmarks for future transactions in the sector, particularly for companies with strong recurring revenue profiles and established market positions in critical IT infrastructure. The decision to take SolarWinds private also reflects a broader trend where complex business transformations are increasingly being executed away from public market scrutiny.
SolarWinds shareholders to receive
“We have built a great track record of helping customers accelerate business transformations through simple, powerful, secure solutions designed for hybrid and multi-cloud environments. We now look forward to partnering with Turn/River to deliver operational resilience solutions for our customers on our SolarWinds Platform, leveraging our premier observability, monitoring, and service desk solutions,” said Sudhakar Ramakrishna, President and CEO of SolarWinds.
“This successful transaction and exciting partnership are testaments to our employees’ outstanding work of building exceptional solutions and delivering great customer success,” Ramakrishna continued. “We are confident that Turn/River’s expertise and growth orientation will help us ensure SolarWinds continues to drive innovation and deliver even greater value for customers and stakeholders.”
"SolarWinds is a global leader in software that helps a wide range of businesses securely manage and optimize their systems, networks, and IT infrastructure. Their deep commitment to understanding and solving customer needs has led to decades of innovation, impact, and consistent growth,” said Dominic Ang, Founder and Managing Partner of Turn/River Capital. “We are incredibly excited to partner with SolarWinds. By pairing our team of software operators and investors with their relentless focus on customer success, together we aim to accelerate growth and further innovation.”
Additional Transaction Terms
The transaction, which was unanimously approved by SolarWinds’ Board of Directors, is currently expected to close in the second quarter of 2025, subject to the satisfaction of required regulatory clearances and other customary closing conditions. In addition to approval by the SolarWinds Board of Directors, Thoma Bravo, and Silver Lake, SolarWinds’ majority shareholders, who collectively hold approximately
Upon completion of the transaction, SolarWinds’ common stock will no longer be listed on the New York Stock Exchange, and SolarWinds will become a privately held company. The Company will continue to operate under the SolarWinds name and brand and remain headquartered in
Advisors
Goldman Sachs & Co. LLC acted as the lead financial advisor to SolarWinds, Jefferies LLC also acted as a financial advisor to SolarWinds, and DLA Piper LLP (US) acted as SolarWinds' legal advisor. J.P. Morgan, Barclays, Santander, and RBC Capital Markets acted as the financial advisors, and Kirkland & Ellis LLP acted as legal counsel for Turn/River.
Fourth Quarter 2024 Financial Results
The Company will no longer hold its conference call to discuss its financial results for the fourth quarter and full year 2024, originally scheduled for Tuesday, February 11, 2025, at 7:00 a.m. CT, due to the announcement of the pending transaction.
The Company plans to report its financial results for the fourth quarter and full year 2024 on or before February 14, 2025.
About SolarWinds
SolarWinds (NYSE:SWI) is a leading provider of simple, powerful, secure observability and IT management software built to enable customers to accelerate their digital transformation. Our solutions provide organizations worldwide—regardless of type, size, or complexity—with a comprehensive and unified view of today’s modern, distributed, and hybrid network environments. We continuously engage with IT service and operations professionals, DevOps and SecOps professionals, and database administrators (DBAs) to understand the challenges they face in maintaining high-performing and highly available hybrid IT infrastructures, applications, and environments. The insights we gain from them, in places like our THWACK community, allow us to address customers’ needs now and in the future. Our focus on the user and our commitment to excellence in end-to-end hybrid IT management have established SolarWinds as a worldwide leader in solutions for observability, IT service management, application performance, and database management. Learn more today at www.solarwinds.com.
About Turn/River Capital
Turn/River Capital is a private equity firm that applies a proprietary growth engineering strategy to investing, partnering with software businesses to accelerate growth and build enduring value. The firm's team of equal parts investors and operators provides hands-on operational support and the flexible capital to systematically scale marketing, sales and customer success at its portfolio companies. Founded in 2012 and based in
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Additional Information and Where to Find It
This communication is being made in respect of the pending transaction pursuant to which the Company would be acquired by Turn/River. The Company will prepare an information statement for its stockholders, containing the information with respect to the proposed transaction specified in Schedule 14C promulgated under the Securities Exchange Act of 1934, as amended, and describing the pending transaction. When completed, a definitive information statement will be mailed or delivered to the Company’s shareholders. This press release is not a substitute for the information statement on Schedule 14C, or any other document that the Company may file with the SEC or send to its shareholders in connection with the proposed transaction.
SHAREHOLDERS OF THE COMPANY ARE URGED TO CAREFULLY READ THE INFORMATION STATEMENT REGARDING THE PENDING TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PENDING TRANSACTION.
The Company’s shareholders may obtain copies of all documents filed by the Company with the SEC, free of charge, at the SEC’s website, www.sec.gov, or from the Company’s website at https://investors.solarwinds.com/financial/sec-filings or by writing to the Company’s Secretary at 7171 Southwest Parkway, Building 400,
No Offer
No person has commenced soliciting proxies in connection with the proposed transaction referenced in this press release, and this press release is neither an offer to purchase nor a solicitation of an offer to sell securities.
The SolarWinds, SolarWinds & Design, Orion, and THWACK trademarks are the exclusive property of SolarWinds Worldwide, LLC or its affiliates, are registered with the
Forward-Looking Statements
This press release contains “forward-looking” statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing of the transaction and other information relating to the transaction. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as “aim,” “anticipate,” “believe,” “can,” “could,” “seek,” “should,” “feel,” “expect,” “will,” “would,” “plan,” “project,” “intend,” “estimate,” “continue,” “may,” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the Company’s business and the price of the common stock of the Company, (ii) the failure to satisfy the conditions to the consummation of the Transactions, including the receipt of regulatory approvals from various governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the agreement governing the proposed transaction (the “Merger Agreement”), including in circumstances that require the Company to pay a termination fee; (iv) the inability to obtain the necessary financing set forth in the commitment letters received in connection with the proposed transaction, (v) the effect of the announcement or pendency of the transaction on the Company’s business relationships, operating results and business generally, (vi) certain restrictions during the pendency of the proposed transaction that may impact the Company’s ability to pursue certain business opportunities or strategic transactions, (vii) risks that the proposed transaction disrupts current plans and operations, (viii) risks related to diverting management’s attention from the Company’s ongoing business operations, (ix) the outcome of any legal proceedings that may be instituted against the parties to the Merger Agreement or their respective directors, managers or officers, including the effects of any outcomes related thereto, (x) the Company’s ability to retain, hire and integrate skilled personnel including the Company’s senior management team and maintain relationships with key business partners and customers, and others with whom it does business, in light of the proposed transaction, (xi) unexpected costs, charges or expenses resulting from the proposed transaction; (xii) the impact of adverse general and industry-specific economic and market conditions, (xiii) risks caused by delays in upturns or downturns being reflected in the Company’s financial position and results of operations, (xiv) risks that the benefits of the proposed transaction are not realized when and as expected, (xv) uncertainty as to timing of completion of the proposed transaction, and (xvi) other factors described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, the Company’s subsequent Quarterly Reports on Form 10-Q, and in other reports and filings with the SEC. The Company cautions you that the important factors referenced above may not contain all of the factors that are important to you. In addition, the Company cannot assure you that the Company will realize the results or developments expected or anticipated or, even if substantially realized, that they will result in the consequences or affect the Company or the Company’s operations in the way the Company expects. The forward-looking statements included in this press release are made only as of the date hereof. Except as required by applicable law or regulation, the Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
© 2025 SolarWinds Worldwide, LLC. All rights reserved.
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Media Contacts
Jenne Barbour
SolarWinds
+1-512-498-6804
pr@solarwinds.com
Christine Elswick
Highwire
+1-415-671-9707
christine@highwirepr.com
Investor Contacts
SolarWinds Investor Relations
ir@solarwinds.com
For Turn/River
Carlos Roig
Clear Hill Strategies for Turn/River Capital
+1-415-305-6590
media@turnriver.com
Source: SolarWinds Worldwide, LLC.
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