TPG, Francisco Partners to take software firm New Relic private in $6.5 bln deal (updated)

New Relic

31/07/2023 14:19

(Adds deal details in paragraph 3)
       July 31 (Reuters) - New Relic  NEWR.N  said on Monday
that private equity firms TPG  TPG.O  and Francisco Partners
will take the software company private in a $6.5 billion
all-cash deal.
    The company's cloud-based software allows websites and
mobile apps to track user interactions and monitor servers and
databases.
    The private equity firms offered New Relic shareholders $87
per share, representing a premium of 17.5% to the stock's
closing price on Friday.

 (Reporting by Akash Sriram in Bengaluru; Editing by Shounak
Dasgupta)
 ((Akash.Sriram@thomsonreuters.com; @HoodieOnVeshti on Twitter;
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