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New Deal


Announced

Thoma Bravo to acquire Everbridge for $1.8bn.

Financials

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Transaction Value£1,421m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium62%
One Off Charge-

Tags

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critical event management

public warning solutions

Software

Domestic

Majority

Private Equity

Pending

Friendly

United States

enterprise software

Public

software development

Acquisition

Single Bidder

Synopsis

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Thoma Bravo, a software investment firm, agreed to acquire Everbridge, a provider of critical event management and national public warning solutions, for $1.8bn. "We are pleased to deliver immediate, compelling, and certain value to our shareholders through this transaction. Over the past several years, the Everbridge Board has consistently reviewed the Company’s stand-alone opportunity against other strategic opportunities, including dialogue with a range of potential partners. This agreement is the result of those efforts and reflects our commitment to maximizing value and certainty on behalf of our shareholders," David Henshall, Everbridge Chairman and Lead Independent Director. On March 1, 2024, Thoma Bravo increased the price at which it has agreed to acquire all outstanding shares of Everbridge to $35 per share in cash, $6.4 per share higher the original transaction price.

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