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Balderton Capital, a leading European VC firm, has announced $1.3 billion in new funds to support Europe's top entrepreneurs. This includes a $615 million Early Stage Fund IX and a $685 million Growth Fund II, aimed at backing ambitious startups from seed stage through IPO. The funds attracted a diverse mix of global investors, including a prominent US state pension and British Patient Capital.
Balderton's portfolio includes successful companies like Revolut, Dream Games, and GoCardless. The firm offers comprehensive support to founders, including a platform team, Executives in Residence, and a strong community network. Balderton also provides unique founder wellbeing initiatives, demonstrating its commitment to holistic entrepreneur support.
Balderton Capital has launched its largest-ever fund of
Balderton Capital announces the appointment of Dave Kellogg as its first Executive in Residence. With over three decades of experience in SaaS and enterprise software, Kellogg will advise Balderton and its portfolio companies on key areas like SaaS metrics, strategy, and marketing. His previous roles include CEO of Planful and SVP at Salesforce.com. This follows a successful year for Balderton, launching a $680M fund, achieving three IPOs, and facilitating 11 exits since January 2020.
Talend unveiled major updates to its Data Fabric platform, enhancing data integration and governance. Key features include advanced integrations with Databricks and AWS EMR, a self-service API portal, and private connectivity options between AWS and Azure. These innovations aim to boost data security, analytics capabilities, and collaboration among users. Despite previous challenges in data-driven decision-making for executives, Talend's updates are designed to address agility issues linked to data accessibility and trust.
Thoma Bravo has successfully completed its tender offer to acquire Talend's outstanding shares for $66.00 each. The offer, which expired on July 28, 2021, saw approximately 84.4% of Talend's shares tendered. Following this, a subsequent offering period began, lasting until August 9, 2021, where additional shares can be tendered. Thoma Bravo's acquisition strengthens its position in the software sector, backed by over $78 billion in assets. Talend, known for its data integration solutions, serves over 6,500 customers worldwide.
On July 26, 2021, Talend (NASDAQ: TLND) announced that shareholders approved critical transactions leading to its redomiciliation in the Netherlands as part of Thoma Bravo's tender offer. The offer, valued at $66.00 per share, aims to acquire all outstanding shares and American Depositary Shares (ADSs). The tender offer is set to expire on July 28, 2021, with a completion anticipated in Q3 2021. Additionally, a new Board of Directors will be appointed following the tender offer, while existing ADS listings will be terminated as Talend transitions to a privately held entity.
Thoma Bravo and Talend (NASDAQ: TLND) announced on July 19, 2021, the receipt of all regulatory approvals for Thoma Bravo's tender offer to acquire Talend at $66.00 per share. This offer commenced on June 11, 2021, and is set to expire on July 28, 2021, unless extended. The acquisition is subject to the tender of at least 80% of the company's shares. Following the tender offer, Talend plans to redomicile in the Netherlands. The acquisition target completion is expected in Q3 2021.
Talend (NASDAQ: TLND) is expanding its presence in the Asia Pacific region by opening a new cloud data infrastructure in Australia, operational from July 2021. This facility, hosted on Amazon Web Services, aims to meet local data sovereignty and privacy requirements for Australian enterprises. The investment is expected to bolster Talend's growth in the region, as public cloud spending in Australia is projected to reach USD 7.3 billion by the end of 2021, reflecting an 18.4% increase. The infrastructure will enhance compliance, reduce operational risks, and provide a framework for improved data management.
Talend S.A. announced a change to its 2021 Annual Combined General Meeting of Shareholders, shifting from an in-person meeting to an in camera format due to COVID-19 health precautions. The meeting is scheduled for June 29, 2021, at 2:30 p.m. Paris time. American Depositary Share (ADS) holders are not affected by this change, while Ordinary Shareholders must vote by proxy, as attendance is not permitted. The company aims to return to in-person meetings when feasible.
On June 11, 2021, Thoma Bravo initiated a tender offer to acquire all outstanding shares of Talend (NASDAQ: TLND) for $66.00 each. This offer follows a memorandum of understanding from March 10, 2021, and has been unanimously supported by Talend's Board of Directors as beneficial for the company and its shareholders. The tender offer is set to expire on July 28, 2021, and is contingent upon acquiring at least 80% of shares and receiving regulatory approvals. Upon successful completion, Talend will become privately held, and its ADSs will be delisted from public markets.
