2024-09-09 20:51:55 +0300

Citrix Plans to Explore Sale of Wrike Unit After Buyout Closes

Logo Bloomberg
Bloomberg
By Paula Seligson

Private equity firms Vista Equity Partners and Elliott Investment Management plan to explore selling one of Citrix Systems Inc.’s businesses after they close on their buyout of the software company, to help repay relatively expensive financing.

Citrix intends to look at selling Wrike, a startup that it acquired from Vista in 2021, after the buyout closes in late September. The timing was disclosed during a call on Thursday with potential loan investors. Citrix paid $2.25 billion for the project management company, and proceeds from a sale would help pay back $2.5 billion of preferred equity financing the buyout deal, people with knowledge of the call said, asking not to be named discussing a private transaction.

AD
AD

Continue read on bloomberg.com

AD
Logo Bloomberg
MarketsBy Jeannine Amodeo2024-08-12 16:58:14 +0300
Banks led by Bank of America Corp. are expected to keep about $2.5 billion to $3.5 billion of a loan provided for the buyout of Citrix Systems Inc. on their...

Logo Bloomberg
MarketsBy Paula Seligson2024-09-07 15:18:48 +0300
A group of banks kicked off a roughly $4.5 billion leveraged loan sale on Wednesday to help support the buyout of Citrix Systems Inc. in a closely-watched...

Logo Bloomberg
MarketsBy Gowri Gurumurthy2024-08-17 00:14:28 +0300
Citrix Systems Inc. bankers are doing whatever it takes to get one of the biggest buyout financings of the past decade off their books, pitching investors a...

Logo Benzinga
MarketsBy Pr Newswire2024-08-16 17:08:00 +0300
TWM /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES/ CALGARY, AB, Aug. 16, 2022 /CNW/ - Tidewater Midstream and...

Logo Nasdaq
Business / FinanceBy Reuters2024-08-23 17:30:56 +0300
Reuters Reuters LONDON (Reuters Breakingviews) -Investors in buyout funds havent had to worry about cash calls for a while. When asked for fresh capital by...

Logo Benzinga
MarketsBy Pr Newswire2024-08-17 17:00:00 +0300
HOUSTON, Aug. 17, 2022 /PRNewswire/ --Production Lending recently closed and funded a $35,000,000 loan to a private, Midland-based oil and gas company....

Logo Bloomberg
TechnologyBy Takako Taniguchi2024-09-09 08:10:31 +0300
Bain Capital is exploring options for Works Human Intelligence Co. including a potential sale that could value the human resources software developer at as...

Logo Nasdaq
MarketsBy Zacks2024-08-15 17:30:00 +0300
Humana Inc. HUM recently announced that the company has closed the sale of a majority stake in its Kindred at Home subsidiarys Hospice and Personal Care...

Logo PR Newswire
Business / FinancePress Release2024-08-17 17:00:00 +0300
HOUSTON, Aug. 17, 2022 /PRNewswire/ -- Production Lending recently closed and funded a $35,000,000 loan to a private, Midland-based oil and gas company....

Logo Bloomberg
Business / FinanceBy Gillian Tan2024-09-06 23:17:45 +0300
Aman Group, led by Chief Executive Officer Vlad Doronin, is exploring strategic options including a sale of Aman New York, the city’s most expensive hotel....

Logo Nasdaq
MarketsBy The Motley Fool2024-08-12 14:00:00 +0300
Remember when PayPal Holdings (NASDAQ: PYPL) was reportedly interested in acquiring Pinterest (NYSE: PINS) late last year? Good thing that didn't work out....

Logo Benzinga
Business / FinanceBy Pr Newswire2024-08-20 05:44:00 +0300
VANCOUVER, BC, Aug. 19, 2022 /CNW/ - Stuhini Exploration Ltd. (the Company or Stuhini ) STU STXPF is pleased to announce that it has closed the second and...

Logo Investing.com
MarketsBy Investing Com2024-08-17 23:16:45 +0300
© Reuters. Denbury (DEN) Exploring Options Including Potential Sale - Bloomberg By Sam Boughedda Independent oil company Denbury Resources Inc (NYSE: DEN )...

Logo Investing.com
MarketsBy Reuters2024-08-30 14:41:37 +0300
© Reuters. (Reuters) - Roper Technologies (NYSE: ROP ) said on Tuesday it would buy Frontline (NYSE: FRO ) Education from private equity firm Thoma Bravo in...

Logo Benzinga
Business / FinanceBy Globe Newswire2024-08-25 00:00:00 +0300
Vancouver, BC, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Skyharbou r Resources Ltd. (TSX-V: SYH ) (OTC QB : SYHBF ) (Frankfurt: SC1P ) (the Company ) announces that...

Logo Bloomberg
TechnologyBy Silas Brown2024-08-25 19:45:36 +0300
Ardian SAS is shelving the planned sale of a majority stake in Italian health-care software provider Dedalus, people with knowledge of the matter said. The...

Logo Reuters
MarketsBy Reuters2024-09-01 18:53:46 +0300
Private equity group Advent is set to launch the sale of French biometrics and fingerprint identification firm IDEMIA, sources familiar with the matter said,...

Logo PR Newswire
Business / FinancePress Release2024-09-09 02:34:00 +0300
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ VANCOUVER, BC, Sept. 8, 2022 /CNW/ - Kootenay Resources...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-09-09 02:34:00 +0300
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ VANCOUVER, BC, Sept. 8, 2022 /CNW/ -...

Logo Channel NewsAsia
Business / FinanceBy Cna2024-09-07 14:16:15 +0300
:T-Mobile US Inc said on Wednesday it had agreed to sell its wireline business to Cogent Communications Holdings Inc in a deal that would also see T-Mobile...