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New Deal


Announced

Vista Equity Partners to acquire Wrike from TMT Investments for $23m.

Financials

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Transaction Value£18m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Private

software development

Venture Capital

Friendly

United States

project management

Acquisition

Private Equity

Pending

Majority

Single Bidder

Synopsis

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Vista Equity Partners agreed to acquire Wrike, a privately held project management application service provider based in San Jose, from TMT Investments, the venture capital company investing in high-growth technology companies, for $23m. The board of TMT believes that the disposal demonstrates the Company's ability to identify and invest in early-stage high-growth companies within the technology sector that have the ability to create significant shareholder value through capital appreciation.

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