Citrix Systems (CTXS) to be acquired by Vista Equity Partners and Evergreen Coast Capital for $104 per share

Citrix Systems to be acquired by affiliates of Vista Equity Partners and Evergreen Coast Capital, an affiliate of Elliott, for $16.5 bln; Citrix shareholders will receive $104.00 in cash/share

• Vista and Evergreen plan to combine Citrix and TIBCO Software, one of Vista's portfolio companies.
  

• Under the terms of the agreement, Citrix shareholders will receive $104.00 in cash per share. The per share purchase price represents a premium of 30 percent over the Company's unaffected 5-day VWAP as of December 7, 2021, the last trading day before market speculation regarding a potential transaction, and a premium of 24 percent over the closing price on December 20, 2021, the last trading day prior to media reports regarding a potential bid from Vista and Evergreen.
• In connection with the transaction, Vista and Evergreen intend to combine Citrix and TIBCO Software ("TIBCO"), one of Vista's portfolio companies. TIBCO is a global leader in enterprise data management, empowering its customers to connect, unify, and confidently predict business outcomes. The combination brings together Citrix's secure digital workspace and application delivery suite with TIBCO's real-time intelligent data and analytics capabilities to empower customers and users with the secure application and information access and insights they need to accelerate digital transformation and navigate the hybrid workplace.
• The transaction, which has been unanimously approved by the members of the Citrix Board of Directors voting on the matter, is expected to close mid-year, subject to customary closing conditions, including approval by Citrix shareholders and receipt of regulatory approvals. The transaction is not subject to a financing condition. Upon completion of the transaction, Citrix's shares will no longer trade on the Nasdaq, and Citrix will become a private company. Citrix will continue to operate under the Citrix name and brand, and will remain headquartered in Fort Lauderdale, FL.

Citrix Systems beats by $0.40, beats on revs

Reports Q4 (Dec) earnings of $1.47 per share, excluding non-recurring items, $0.40 better than the S&P Capital IQ Consensus of $1.07; revenues rose 5.0% year/year to $850.9 mln vs the $830.04 mln S&P Capital IQ Consensus.

=Pluralsight (PS) reported earnings on Wed 31 July 2019 (a/h)

• December 2020: Pluralsight announced it would be acquired by private equity firm Vista Equity Partners for $3.5 billion. In April 2021, Vista Equity Partners successfully completed its acquisition of Pluralsight for $22.50 per share. 
  

Pluralsight beats by $0.08, beats on revs; guides Q3 EPS below consensus, revs below consensus; reaffirms FY19 EPS and rev

Reports Q2 (Jun) loss of $0.06 per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of ($0.14); revenues rose 41.6% year/year to $75.9 mln vs the $73.87 mln S&P Capital IQ Consensus. Q2 2019 billings were $80.6 million, an increase of 23% period over period

Co issues downside guidance for Q3, sees EPS of ($0.15-0.13), excluding non-recurring items, vs. ($0.11) S&P Capital IQ Consensus; sees Q3 revs of $79.5-80 mln vs. $82.54 mln S&P Capital IQ Consensus.

Co issuesreaffirms guidance for FY19, sees EPS of ($0.42-0.38), excluding non-recurring items, vs. ($0.40) S&P Capital IQ Consensus; sees FY19 revs of $312-318 mln vs. $316.04 mln S&P Capital IQ Consensus.

Mindbody (MB) to be acquired by Vista Equity Partners for $1.9 billion

Vista will acquire all outstanding shares of MINDBODY common stock for a total value of approximately $1.9 billion. MINDBODY shareholders will receive $36.50 in cash per share, representing a 68% premium to the unaffected closing price as of December 21, 2018.

  

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Mindbody Inc. (MB) announced Monday a deal to be acquired by San Francisco-based private equity firm Vista Equity Partners in a deal valued at $1.9 billion. Shares of the technology platform for the fitness, beauty and wellness industries were inactive prior to a trading halt for news, which is set to be lifted at 8:30 a.m. Under terms of the deal, Vista will pay $36.50 in cash for each Mindbody share outstanding, representing a 68% premium to Friday's closing price of $21.72. The deal is expected to close in the first quarter of 2019, and includes a 30-day "go-shop" period in which Mindbody can solicit other acquisition proposals. Mindbody's stock has tumbled 49% over the past three months through Friday, while the S&P 500 (SPX) has shed 17%.

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Infoblox (BLOX) to be acquired by Vista Equity Partners

• Infoblox (BLOX) to be acquired by private equity firm Vista Equity Partners for $1.6 billion or $26.50 per share. (19 Sept 2016)

     

  

Marketo (MKTO) acquired by Vista Equity Partners for $35.25 in per share

• Marketo (MKTO) acquired by private equity firm Vista Equity Partners for $1.79 billion. (June 2016)
• update 9/20/18 below

    

Vista will acquire all outstanding shares of Marketo common stock for a total value of approximately $1.79 billion. Marketo shareholders will receive $35.25 in cash per share, representing a 64% premium to the unaffected closing price as of May 9, 2016.

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9/20/18 
(Reuters) - Adobe Systems Inc (ADBE) on Thursday agreed to buy Marketo Inc for $4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business.

The acquisition comes as the Photoshop maker sharpens its focus on the fast-growing cloud business, a fiercely competitive market dominated by Microsoft Corp (MSFT), Oracle Corp (ORCL) and Salesforce (CRM).

Marketo's business-to-business marketing applications offering complements Adobe's digital marketing business, which provides cloud-based tools to help create, manage and analyze advertising and marketing campaigns.

Marketo, started in 2006 as an email marketing service, was taken private by Vista Equity Partners for $1.8 billion in 2016.

Tibco Software (TIBX) reported earnings Fri 22 March 2013

TIBCO: acquired by private equity firm Vista Equity Partners for $4.3 billion in September 2014. 

   

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Cloud platform provider Tibco Software Inc.’s (TIBX) fiscal first-quarter earnings plunged 54%, “primarily on execution-related” problems, CEO Vivek Ranadive told analysts late Thursday, echoing execution problems that Oracle Corp. ORCL -0.62% (ORCL) reported this week. Problems at Tibco may have been concentrated in the finance sector, where sales were down 8% from a year ago, compared with increases in most other sectors. Managers reviewing performance in weak sectors found “bad leadership and bad execution in those areas,” Mr. Ranadive said. Share were down 17% to $19.16 premarket.

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