Home Tech Cloudera acquired as private equity money keeps pouring into tech

Cloudera acquired as private equity money keeps pouring into tech

5

A person takes a photograph with an Apple iPhone of Cloudera signage during the company’s initial public offering (IPO) on the of the New York Stock Exchange (NYSE) in New York, April 28, 2017.

Michael Nagle | Bloomberg | Getty Images

Cloudera’s agreement on Tuesday to sell to a group of buyout firms in a transaction valued at $5.3 billion continues a 2021 trend: most of the big-dollar deals in tech are going to private equity.

Of the 12 largest tech acquisitions this year in the U.S., excluding special purpose acquisition companies, seven of them have been orchestrated by private equity firms, according to data from FactSet.

The biggest was Thoma Bravo’s purchase of security software vendor Proofpoint in April in a deal valued at $12.3 billion. In February, Stone Point Capital and Insight Partners agreed to buy tech-powered real estate company CoreLogic for close to $6 billion.

Clayton, Dubilier & Rice and KKR said they’re teaming up to buy Cloudera in…

Click here for full article…www.cnbc.com