GCA advises Clayton Dubilier & Rice and KKR on their USD 5.3 billion purchase of Cloudera
The transaction delivers substantial value to Cloudera shareholders, who will receive USD 16.00 in cash per share, representing a 24% premium to the closing price as of May 28 2021 and a 30% premium to the 30-day volume weighted average share price.
“We believe that as a private company with the expertise and support of experienced investors such as CD&R and KKR, Cloudera will have the resources and flexibility to drive product-led growth and expand our addressable market opportunity,” said Rob Bearden, CEO of Cloudera.
“The company has made significant progress establishing the Cloudera Data Platform (CDP) as a leader in hybrid and multi-cloud analytics, and we believe that our experience and capabilities can offer valuable support to accelerate expansion into new products and markets,” said Jeff Hawn, CD&R Operating Partner.
“We have followed the Cloudera story closely for a number of years and are pleased to be supporting its mission of helping companies make better use of their data in the ever-evolving hybrid IT environment,” said John Park, KKR Partner and Head of Americas Technology Private Equity.
Entities related to Icahn Group, collectively holding approximately 18% of the outstanding shares of Cloudera common stock, have entered into a voting agreement to vote their shares of Cloudera common stock in favour of the transaction.