Irvine-based data analytics software maker Alteryx said today it has agreed to be acquired by private equity firms Clearlake Capital Group and Insight Partners for $4.4 billion including debt.
Upon completion of the transaction, Alteryx (NYSE: AYX) will become a privately held company. The transaction is expected to close in the first half of 2024.
Alteryx shareholders will receive $48.25 per share in cash.
The per share purchase price represents a 59% premium to Alteryx’s unaffected closing stock price on Sept. 5, the last full trading day prior to media reports regarding a possible sale transaction, the company said.
The company’s shares fell 2% to $47.10 a piece after the announcement for a market cap of $3.4 billion after today’s sale announcement.
Alteryx soared to over $10 billion in market value in early 2020.
