STG-led investor group completes take-private $1.5bn acquisition of Momentive

• According to terms of the deal, Momentive shareholders will receive $9.46 per share
• As a result of the closing, Momentive is no longer trading on the NASDAQ
• Qatalyst Partners served as financial advisor to Momentive while J.P. Morgan Securities LLC and BofA Securities served as financial advisors to STG

Symphony Technology Group-led investor group has completed its take-private buyout of Momentive for $1.5 billion.

According to terms of the deal, Momentive shareholders will receive $9.46 per share. As a result of the closing, Momentive is no longer trading on the NASDAQ.

Based in San Mateo, California, Momentive is the parent company of SurveyMonkey, an online survey tool.

“We are excited to begin the journey. The iconic SurveyMonkey platform is a market-leading brand full of capability and innovation potential,” said J.T. Treadwell, managing director at STG in a statement, “We’re thrilled to partner with the company to continue delivering innovative, world-class solutions that meet the needs of everyone from the individual to the enterprise.”

Qatalyst Partners served as financial advisor to Momentive while J.P. Morgan Securities LLC and BofA Securities served as financial advisors to STG.

STG targets companies in data, software, and analytics.