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The 14 biggest take-private PE acquisitions so far this year in tech

  • Private equity has been a powerful source of liquidity for technology startups and scale-ups in search of an exit.
  • According to PitchBook, by the midway point of 2024, there had been 97 take-private deals, which is similar to last year's figure.
  • Of the 46 take-private deals in the tech sector, some were acquisitions of product-centric companies valued at $1 billion or over.
  • The list of companies includes Adevinta, which was acquired by private equity firms Permira and Blackstone for $13 billion.
  • Smartsheet, which was acquired by Vista Equity Partners and Blackstone for $8.4 billion.
  • Squarespace, acquired by UK-based private equity firm Permira in a $7.2 billion all-cash deal.
  • Canadian fintech Nuvei entered a $6.3 billion agreement in April to be taken private by Advent International.
  • K-12 education software provider PowerSchool was taken private by Bain Capital, valuing the company at $5.6 billion.
  • UK cybersecurity giant Darktrace is set to go private in a $5.3 billion deal spearheaded by Thoma Bravo.
  • Pet-sitting marketplace Rover was acquired by Blackstone for $2.3 billion.
  • Model N was acquired by Vista Equity Partners for $1.25 billion.

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