Tech Company Acquisitions Topped 6 A Day Last Year

During the year, 2,277 private tech companies were acquired globally, according to a study from CB Insights. While most of the deals were relatively small, or completed without a disclosed transaction value, eight of the companies were purchased for more than $1 billion.

SonicWall Goes Private

Thoma Bravo and Teachers’ Private Capital have completed their take-private acquisition of IT security company SonicWall Inc. The $11.50 per share deal valued SonicWall at around $717 million.

SonicWall: Third-Party Bidder Bails

(Reuters) – SonicWall Inc (SNWL.O) said the third-party bidder that offered to acquire the IT security company for $12 a share in cash no longer intended to pursue the deal. Shares of SonicWall, which provides secure Internet access to both wired and wireless broadband customers, fell 3 percent in trading before the bell Tuesday. In […]

Thoma Bravo Gets Trumped for SonicWall

(Reuters) – IT security company SonicWall Inc (SNWL.O) said in a filing it had been approached by a privately held company to be acquired for $12 a share, trumping an earlier offer from private equity firm Thoma Bravo. Earlier this month, the New York-based private equity firm had offered to acquire the company for $11.50 […]

SonicWALL To Go Private

NEW YORK (Reuters) – SonicWALL Inc (SNWL.O) agreed on Wednesday to be bought by an investor group led by private equity firm Thoma Bravo in a deal the IT security company valued at about $717 million. SonicWALL shareholders will receive $11.50 per share in cash, a 28 percent premium over the Wednesday’s close. SonicWALL said […]

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