KKR, CD&R are likely to takeover Cloudera
Private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC (CD&R) are nearing a deal to take Cloudera Inc. private at a valuation of $4.7 billion, citing a person familiar with the matter said.
Cloudera, Inc. is a US-based company that provides an enterprise data cloud. Built on open source technology, Cloudera’s platform uses analytics and machine learning to yield insights from data through a secure connection.
KKR & Co. Inc. is an global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds.
The private-equity giants are likely to finalise a deal today to acquire the software firm at $16 a share, or about a 24% premium to its previous close, according to the report.
Cloudera, which has activist investor Carl Icahn as its largest shareholder, has explored a sale since mid-2020 after receiving takeover interest, the report said.