Informatica to be taken private in a deal worth $5.3 billion

Fortune

Enterprise software provider Informatica Corp said it would be taken private by an consortium comprising Permira Advisers Ltd and Canada Pension Plan Investment Board (CPPIB) for about $5.3 billion.

Informatica shareholders will get $48.75 per share in cash, the company said.

Informatica’s shares rose 4% to $45.83 on the Nasdaq on Monday after Reuters reported that both Permira and CPPIB and a partnership of Thoma Bravo LLC and Ontario Teachers’ Pension Plan had submitted bids for the company.

Redwood City, California-based Informatica helps companies connect software and enterprise applications and store data.
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It competes in the integration software market with Tibco, which was taken private for $4.3 billion in December by buyout firm Vista Equity Partners.

Informatica’s revenue rose 10.5% in 2014 to $1.05 billion, while its pre-tax income jumped 21% to $170.3 million.

Activist hedge fund Elliott Management Corp disclosed an 8% stake in Informatica in January…

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