SolarWinds to be acquired by Turn/River Capital

SolarWinds shareholders to receive $18.50 per share in cash, with a total enterprise value of $4.4 billion; SolarWinds to become a privately held company upon completion of the transaction.

  • Friday, 7th February 2025 Posted 7 months ago in by Phil Alsop

SolarWinds has entered into a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction for $18.50 per share or approximately $4.4 billion. The per-share price represents a premium of approximately 35% to the volume-weighted average closing price of SolarWinds stock for the 90 trading days ended on February 6, 2025.

“We have built a great track record of helping customers accelerate business transformations through simple, powerful, secure solutions designed for hybrid and multi-cloud environments. We now look forward to partnering with Turn/River to deliver operational resilience solutions for our customers on our SolarWinds Platform, leveraging our premier observability, monitoring, and service desk solutions,” said Sudhakar Ramakrishna, President and CEO of SolarWinds.

“This successful transaction and exciting partnership are testaments to our employees’ outstanding work of building exceptional solutions and delivering great customer success,” Ramakrishna continued. “We are confident that Turn/River’s expertise and growth orientation will help us ensure SolarWinds continues to drive innovation and deliver even greater value for customers and stakeholders.”

"SolarWinds is a global leader in software that helps a wide range of businesses securely manage and optimise their systems, networks, and IT infrastructure. Their deep commitment to understanding and solving customer needs has led to decades of innovation, impact, and consistent growth,” said Dominic Ang, Founder and Managing Partner of Turn/River Capital. “We are incredibly excited to partner with SolarWinds. By pairing our team of software operators and investors with their relentless focus on customer success, together we aim to accelerate growth and further innovation.”

Additional transaction terms

The transaction, which was unanimously approved by SolarWinds’ Board of Directors, is currently expected to close in the second quarter of 2025, subject to the satisfaction of required regulatory clearances and other customary closing conditions. In addition to approval by the SolarWinds Board of Directors, Thoma Bravo, and Silver Lake, SolarWinds’ majority shareholders, who collectively hold approximately 65% of the outstanding voting securities of SolarWinds, have approved the transaction by delivering written consent. No further shareholder approval is required to complete the transaction.

Upon completion of the transaction, SolarWinds’ common stock will no longer be listed on the New York Stock Exchange, and SolarWinds will become a privately held company. The Company will continue to operate under the SolarWinds name and brand and remain headquartered in Austin, Texas.

Aurora strengthens its position in UK managed services with a strategic acquisition of Right Digital Solutions, bolstering its offerings in print,...
Bechtle AG's acquisition of ITAM Solutions BV enhances its IT asset management expertise and bolsters its market presence in the Netherlands.

Titan: Transforming IT services with applied AI

Posted 3 weeks ago by Aaron Sandhu
General Catalyst backs Titan's AI-driven innovation, revolutionising the MSP sector with strategic acquisition and enhanced service offerings.
IFS strengthens its Industrial AI leadership by acquiring 7bridges, enhancing its logistics and supply chain expertise.

SentinelOne to acquire Prompt Security

Posted 1 month ago by Aaron Sandhu
SentinelOne acquires Prompt Security to enhance AI-native cybersecurity, targeting AI-related data protection and secure generative AI usage in...
Advania UK cements its leading position in the UK tech sector following the integration of CCS Media and Servium.
Your.Cloud acquires Comm-Tech to enhance TICTS sector expansion in the UK, marking a strategic move in managed services.

Zurich Insurance Group acquires BOXX Insurance Inc.

Posted 1 month ago by Aaron Sandhu
BOXX Insurance is set to join Zurich Insurance Group, continuing its mission in cyber insurance and protection as an independent entity.