Insight, Clearlake close in on $5 bln deal for business software firm Alteryx-sources

Alteryx

14/12/2023 17:51

By Milana Vinn and Anirban Sen
       Dec 14 (Reuters) - A private equity consortium led by
Insight Partners and Clearlake Capital Group is in advanced
talks to acquire data analytics software company Alteryx Inc
 AYX.N  for around $5 billion, including debt, people familiar
with the matter said. 
    The deal would come as fierce competition from big rivals
such as Microsoft Corp  MSFT.O  and Oracle Corp  ORCL.N , as
well as setbacks in winning new business, have suppressed
Alteryx's valuation and made it an acquisition target.
    Insight and Clearlake are in discussions to pay more than
$50 per share in cash for Alteryx, the sources said, cautioning
that the negotiations have not been completed. Symphony
Technology Group (STG), another private equity firm, has also
been vying for Alteryx and could still try to clinch a deal, one
of the sources added.
    The sources requested anonymity because the matter is
confidential. Alteryx, Insight, Clearlake and STG did not
immediately respond to requests for comment.

 (Reporting by Milanna Vinn and Anirban Sen in New York
Editing by Greg Roumeliotis)
 ((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters
Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net))