Zendesk is to be acquired by an investor group led by leading global investment firms Permira and Hellman & Friedman (H&F) in an all-cash transaction that values Zendesk at approximately $10.2 billion.

Under the terms of this agreement, Zendesk shareholders will receive $77.50 per share. The offer represents a premium of approximately 34% over Zendesk’s closing stock price on 23 June, 2022, the last full trading day prior to this announcement.

Read more: Private Equity Wire