GIC, Zuora and Silver Lake
Billing software firm Zuora to go private in $1.7 billion deal with Silver Lake, GIC
Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up nearly 6% in early trading.
Zuora to be acquired by Silverlake and GIC in $1.7B cash deal
Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora stock at $10 per share in cash. That’s a premium to Zuora shares, which were trading at $9.42 prior to the announcement but as low as $8.36 over the last month. Officially, the acquisition price is offering an 18% premium on Zuora’s last stock price.
Zuora Enters into Definitive Agreement to be Acquired by Silver Lake and GIC For $1.7 Billion
Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora common stock for $10.00 per share in cash. The purchase price represents an 18% premium to the Company's unaffected closing stock price 1 and a 20% enterprise value 2 premium.
Silver Lake, GIC Agree $1.7 Billion Deal for Software Firm Zuora
Silver Lake Management and Singapore’s GIC Pte have agreed to acquire Zuora Inc. in a deal that values the software maker at $1.7 billion.
Zuora Stock Pops on Deal To Sell to PE Firm Silver Lake
Key Takeaways Shares of enterprise software company Zuora rose Thursday after announcing its purchase by a tech-focused private equity firm. The company said it would sell to Silver Lake and a partner for $10 per share in cash.
Zuora rises as Silver Lake, GIC to take company private in $1.7B takeover deal
Zuora (ZUO) shares were up 5% in premarket trade, after it said it will be acquired by Silver Lake, in partnership with an affiliate of GIC, in a $1.7 billion t
Future Fund-backed Greystar to buy GIC’s $1.6b student digs business
The Matt Woodland-led Greystar, advised by Macquarie Capital, is understood to be in the final stages of raising the capital ...
TheUrbanDeveloper2d
Greystar Picks Up GIC Student Living Assets for $1.6bn
Two deals have been struck over Australian assets by overseas firms showcasing an interest in not just the Australian office market but also purpose-built student accommodation. Last week, Singaporean ...
GIC and BlackRock snap up Hyundai India shares in record $4.3 billion IPO
Singapore sovereign wealth fund GIC and US asset management giant BlackRock together picked up stakes worth a total of ...
Business Times16d
GIC agrees to buy 25% stake in EQT-backed waste company Reworld
SINGAPORE’S sovereign wealth fund GIC has agreed to acquire a 25 per cent stake in waste management company Reworld. Read ...
Global Industrial Company: Managing Cost Structure Is The Key
Global Industrial's cost management efforts and Indoff's low-cost structure aim to mitigate margin pressure. Read why I ...
Recycling Today4d
Reworld signs definitive agreement to sell minority stake to GIC
Houlihan Lokey, a Los Angeles-based global investment bank, has announced that Reworld Waste LLC, a portfolio company of EQT ...
Business Times17d
TPG, GIC to buy energy meter maker Techem for US$7.5 billion
Private equity firm TPG and Singapore sovereign wealth fund GIC agreed to buy German energy metering company Techem GmbH from ...