Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»Splunk receives $1 billion investment from Silver Lake
    Investments

    Splunk receives $1 billion investment from Silver Lake

    June 23, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Fortune Brainstorm Tech, Aspen, CO July 14th, 2015 3:35 PM 1:1 Egon Durban, Managing Partner, Silver Lake Interviewer: Adam Lashinsky, Fortune Photograph by Stuart Isett/Fortune Brainstorm Tech
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Splunk Inc said on Tuesday that it had received $1 billion in investment from private-equity firm Silver Lake, triggering an 8% jump in shares of the data analytics software firm in premarket trading.

    Silver Lake will invest the amount in convertible notes and its chairman, Ken Hao, will join Splunk’s board, making him the eleventh member. San Francisco-based Splunk expects to use the proceeds to fund growth initiatives and manage its capital structure, including a newly authorized share buyback program of up to $1 billion.

    The notes, which will bear an annual interest rate of 0.75% and mature in July 2026, will have an initial conversion price of $160 per Splunk share, the company said.

    Read more/Source: Yahoo Finance

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Investments PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    KKR-Backed UK Startup Paddle Strikes $200 Million Deal

    May 25, 2022

    KKR closes inaugural Asia Credit Fund at $1.1bn

    May 25, 2022

    Cathay Capital launches new €500m health fund

    May 24, 2022

    Pantheon passes $2.4bn in private debt secondaries as flagship fund closes at $834m

    May 24, 2022

    Comments are closed.

    Other Articles

    Eurazeo to sell 49 per cent of stake in Trader Interactive based on USD1.625bn valuation

    May 12, 2021

    Nestlé Looks to Buy Maker of Nature’s Bounty Vitamins

    April 24, 2021

    Perwyn Growth Capital leads €10m funding round in Secret Sales

    June 28, 2021

    AstraZeneca sells stake in vaccine maker Moderna for nearly $1 billion

    March 2, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?