Private equity firm Francisco Partners and Evergreen Coast Capital, an affiliate of Elliott Management, completed the acquisition of LogMeIn, a provider of cloud-based connectivity, for $4.3bn. The all-cash transaction represents a premium of approximately 25% to LogMeIn’s unaffected closing stock price on September 18, 2019. "This transaction acknowledges the significant value of LogMeIn and provides our stockholders with a meaningful and certain cash offer at a compelling premium. Together, Francisco Partners and Evergreen are committed to addressing the unique needs of both our core and growth assets. We believe our partnership with Francisco Partners and Evergreen will help put us in a position to deliver the operational benefits needed to achieve sustained growth over the long term," Bill Wagner, LogMeIn President and Chief Executive Officer.