Transaction Details

June 9, 2021
New York

Sector

Technology

Deal Type

M&A

Deal Value

$5.3bn

Deal Team

Todd Carter, Marcus Anthony, Marshall Senk, Kirk Bloede, Wyatt Sharpe

GCA advises Clayton Dubilier & Rice and KKR on their USD 5.3 billion purchase of Cloudera

GCA has advised Clayton, Dubilier & Rice (“CD&R”) and KKR on a definitive agreement to acquire Cloudera (NYSE: CLDR), the enterprise data cloud company, in an all-cash transaction valued at approximately USD 5.3 billion. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021.

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.

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