Thoma Bravo To Acquire Data Integrity Provider Talend For $2.4B

by Anusuya Lahiri, Benzinga Editor
March 10, 2021 9:57 AM | 1 min read |
  • Private equity investment firm Thoma Bravo inked a memorandum of understanding (MoU) with data integration and data integrity provider Talend SA (NASDAQ: TLND) to acquire it for $2.4 billion or $66 per share, signifying a 29% premium to Talend’s closing price of $51.30 on March 9.
  • Talend’s board unanimously approved the MoU.
  • Talend would become a private company and continue investing in its cloud transition and products and solutions serving the evolving data needs of its customers under the arrangement.
  • Qatalyst Partners is the financial advisor to Talend and Wilson Sonsini Goodrich & Rosati, P.C. and Gide Loyrette Nouel are the legal counsel.
  • Talend’s cash and cash equivalents amounted to $163 million as of December 31, 2020.
  • Price action: TLND shares are up 27.6% at $65.45 on the last check Wednesday.
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