Twitter LinkedIn
    Sunday, March 26
    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»Mergers & Acquisitions»Thoma Bravo acquires Bottomline for USD2.6bn
    Mergers & Acquisitions

    Thoma Bravo acquires Bottomline for USD2.6bn

    December 21, 2021Updated:December 21, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Software investment firm Thoma Bravo is to acquire Bottomline Technologies, a provider of business payments financial technology in an all-cash transaction that values the company at approximately USD2.6 billion. 

    Upon completion of the transaction, Bottomline will become a privately held company.

    Under the terms of the agreement, Bottomline shareholders will receive USD57.00 per share in cash, which represents a premium of approximately 42 per cent to Bottomline’s unaffected closing stock price on 19 October 9, 2021, the last full trading day prior to the announcement of the formation of the Bottomline Board of Directors’ Strategy Committee, and a premium of approximately 41 per cent to Bottomline’s 30-day volume weighted average price as of 19 October, 2021.

    Read more/Source: Private Equity Wire

    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.

    deals Mergers and acquisitions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal – Copy

    March 19, 2023

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal

    March 19, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    Venezuelan Oil Exports Crater as OPEC+ Set to Unleash More Crude

    January 1, 2021

    Private equity groups launch education philanthropy fund

    February 25, 2022

    Compass Diversified to acquire PrimaLoft in $530 million deal

    June 6, 2022

    Aliter-backed Sponge acquires Idox Compliance

    March 12, 2021

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

    [email protected]

    Twitter LinkedIn
    © 2023 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?