M&A · Tech · Services-Prepackaged Software
Clearlake Capital Group and Insight Partners to acquire Alteryx, Inc.
Announced Dec 18, 2023 · Closed Mar 19, 2024
Deal value$4.40BEV $4.40B
Premium59.0%To unaffected price
EV / Adj. EBITDA—4.8x EV / Revenue
ConsiderationAll cash$48.25 per share
Transaction
- Acquirer
- Clearlake Capital Group and Insight Partners
- Target
- Alteryx, Inc. (AYX)
- Buyer type
- Private equity
- Offer price per share
- $48.25
- Enterprise value
- $4.40B
- Status
- Closed Mar 19, 2024
Deal protections
- Break fee (target pays)
- $135M · 3.1%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Houlihan Lokey, Goldman Sachs, JPMorgan, Morgan Stanley
- To the target
- Qatalyst
Sector context · Tech
- Comparable deals
- 59 in the prior 24 months
- Premium
- 59.0% vs. 45.6% sector median
- EV / Adj. EBITDA
- Sector median 17.3x
- Break fee
- 3.1% vs. 3.0% sector median
Timeline
- AnnouncedDec 18, 2023
- Proxy filedJan 30, 2024
- Definitive proxyFeb 9, 2024
- Shareholder voteMar 13, 2024
- ClosedMar 19, 2024
Valuation · fairness opinions
Discounted cash flow$40.21$75.50
Discounted cash flow$33.78$67.89
Discounted cash flow$33.86$68.04
Discounted cash flow$38.31$85.17
Precedent transactions$23.80$57.70
Offer $48.25
Implied value per Alteryx, Inc. share by analysis, from Qatalyst.