Talend Going Private In a $2.4 Billion Thoma Bravo Deal


Talend announced that it has entered into a memorandum of understanding with Thoma Bravo, under which Thoma Bravo intends to commence a tender offer to acquire all of the outstanding ordinary shares and American Depositary Shares (“ADSs”) of Talend, for $66.00 per ordinary share and ADS (each ADS representing one ordinary share) in cash. 

The offer, which values Talend at approximately $2.4 billion, represents a premium of approximately 29 per cent to Talend’s closing price on March 9 and an 81 per cent premium to the volume-weighted average price over the last twelve months. The Talend Board of Directors unanimously approved the memorandum of understanding.

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Subject to and upon completion of the transaction, Talend would become a private company and continue investing in its cloud transition as well as products and solutions that serve the evolving data needs of its customers.

Steve Singh, Chairman of the Board of Talend said, “We are pleased to move forward with Thoma Bravo, as the transaction will deliver compelling and certain cash value to Talend shareholders and significant strategic, long-term benefits for our customers, employees, and other stakeholders.”