KKR and CD&R reportedly close to close deal to privatize software company Cloudera

KKR and CD&R reportedly close to close deal to privatize software company Cloudera


Private equity firms KKR and Clayton Dubilier & Rice (CD&R) to close deal Cloudera private for a valuation of 4.7 billion dollars, Bloomberg News reported Monday, citing someone familiar with the case.

The private equity giants are expected to finalize a deal on Tuesday to acquire the software company at $ 16 a share, up about 24% from its previous close, according to the report.

Cloudera – who has activist investor Carl Icahn as largest shareholder – has explored a sale since mid-2020 after receiving redemption interest, according to the report.

The Wall Street Journal had previously reported about the deal talks.

KKR and Cloudera did not immediately respond to Reuters requests for comment.

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