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    Home»Private Equity»Private equity money keeps pouring into tech, as Cloudera becomes latest multibillion-dollar buyout
    Private Equity

    Private equity money keeps pouring into tech, as Cloudera becomes latest multibillion-dollar buyout

    June 4, 20211 Min Read
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    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.

    Read more/Source: CNBC

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