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Observability and IT management solutions giant SolarWinds has entered into a definitive agreement to be acquired by San Francisco-based private equity firm Turn/River Capital.
Turn/River Capital is prepared to pay roughly $4.4 billion in cash for SolarWinds — $18.50 per share, which represents a 35% premium to the stock’s closing price over a period of 90 days prior to the deal being announced.
The transaction is expected to close in the second quarter of 2025. Once the deal has been completed, SolarWinds will become a privately held company.
It will continue to operate under the SolarWinds name and brand, and it will remain headquartered in Austin, Texas.
Thoma Bravo and Silver Lake acquired SolarWinds back in 2016 for approximately $4.5 billion. The two private equity companies collectively hold 65% of the outstanding voting securities of SolarWinds.
SolarWinds has developed a platform that provides observability and IT service management capabilities designed to deliver resiliency, efficiency, and security.
In terms of security monitoring and observability, the company has created a dedicated dashboard that provides visibility into security updates, vulnerabilities, policy violations, and risks.
The company was targeted in a significant supply chain attack in 2020. The attack was linked to Russian hackers, who delivered malicious software updates to many organizations, but targeted less than 100 SolarWinds customers that presented an interest.
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SecurityWeek tracked over 400 M&A deals in 2024, including two dozen involving private equity firms. Eleven of the transactions announced last year had a disclosed value exceeding $1 billion. A detailed report will be released in the coming days.
Related: Cybersecurity M&A Roundup: 45 Deals Announced in January 2025