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The 13 biggest take-private PE acquisitions so far this year in tech
- Private equity firms have been increasingly active in the tech sector, providing alternative sources of liquidity, and take-private deals have been on the upswing in the past two years.
- 46 take-private deals belonging to the tech sector have closed so far in 2024.
- This article provides details on take-private acquisitions of product-centric companies valued at $1 billion or more in 2024.
- The list includes companies like Adevinta, Smartsheet, Squarespace, Nuvei, PowerSchool, Darktrace, and others.
- A majority of the companies on the list have been in the public markets and have shown strong growth prospects.
- Adevinta was acquired in a $13 billion deal by a consortium led by Permira and Blackstone.
- Vista Equity Partners and Blackstone acquired Smartsheet for $8.4 billion, after the company began trading publicly.
- Permira announced plans to acquire website builder Squarespace in May of this year in an all-cash deal valued at $6.9 billion.
- Canadian fintech Nuvei agreed to be taken private by Advent International in a deal worth $6.3 billion.
- Thoma Bravo led a consortium to acquire U.K. cybersecurity giant Darktrace in a $5.3 billion deal.
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