Transaction

Transaction Details

Pending
June 1, 2021

Sector

Technology

Deal Type

Mergers and Acquisitions

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GCA Advises Clayton Dubilier & Rice and KKR on their $5.3 Billion Pending Purchase of Cloudera

GCA is pleased to announce that our clients, Clayton, Dubilier & Rice ("CD&R") and KKR, have entered into a definitive agreement to acquire Cloudera, (NYSE: CLDR), the enterprise data cloud company, in an all cash transaction valued at approximately $5.3 billion. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021.

The transaction delivers substantial value to Cloudera shareholders, who will receive $16.00 in cash per share, representing a 24% premium to the closing price as of May 28, 2021 and a 30% premium to the 30-day volume weighted average share price.

"We believe that as a private company with the expertise and support of experienced investors such as CD&R and KKR, Cloudera will have the resources and flexibility to drive product-led growth and expand our addressable market opportunity,” said Rob Bearden, CEO of Cloudera.

"The company has made significant progress establishing the Cloudera Data Platform (CDP) as a leader in hybrid and multi-cloud analytics, and we believe that our experience and capabilities can offer valuable support to accelerate expansion into new products and markets,” said Jeff Hawn, CD&R Operating Partner.

“We have followed the Cloudera story closely for a number of years and are pleased to be supporting its mission of helping companies make better use of their data in the ever-evolving hybrid IT environment,” said John Park, KKR Partner and Head of Americas Technology Private Equity.

Entities related to Icahn Group, collectively holding approximately 18% of the outstanding shares of Cloudera common stock, have entered into a voting agreement to vote their shares of Cloudera common stock in favor of the transaction.

GCA is a leading advisor in the technology industry, having announced over 70 technology transactions year to date. GCA’s extensive franchise spans all core technology markets, including Enterprise Software / SaaS, Fintech, Internet and Digital Media, IoT, AI / ML, Autotech, Cleantech, Semiconductors, Services, as well as other verticals. This transaction builds on other recently announced GCA technology transactions including:

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