LogMeIn has entered a definitive agreement to be acquired by affiliates of Francisco Partners and Evergreen Coast Capital Corporation, two leading technology-focused private equity firms that are known for helping companies realize their full potential, for approximately $4.3 billion, or $86.05 per share, in cash. You can learn more about the announcement by reading the press release, but here is some additional context on why this is happening.
In Francisco Partners and Evergreen, LogMeIn will gain experienced partners that believe in and are supportive of their growth and focus on customer-centric innovation. They believe that our partnership with Francisco Partners and Evergreen will help put LogMeIn in a position to deliver the operational benefits that they need to tackle even more of their customers’ most pressing and essential needs.
This proposed transaction is anticipated to close in mid-2020 and is subject to shareholder approval, regulatory approvals and other customary closing conditions. Until the closing, LogMeIn remains an independent, publicly traded company.
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This entry was posted on December 17, 2019 at 12:40 pm and is filed under Commentary with tags LogMeIn. You can follow any responses to this entry through the RSS 2.0 feed.
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LogMeIn To Be Acquired
LogMeIn has entered a definitive agreement to be acquired by affiliates of Francisco Partners and Evergreen Coast Capital Corporation, two leading technology-focused private equity firms that are known for helping companies realize their full potential, for approximately $4.3 billion, or $86.05 per share, in cash. You can learn more about the announcement by reading the press release, but here is some additional context on why this is happening.
In Francisco Partners and Evergreen, LogMeIn will gain experienced partners that believe in and are supportive of their growth and focus on customer-centric innovation. They believe that our partnership with Francisco Partners and Evergreen will help put LogMeIn in a position to deliver the operational benefits that they need to tackle even more of their customers’ most pressing and essential needs.
This proposed transaction is anticipated to close in mid-2020 and is subject to shareholder approval, regulatory approvals and other customary closing conditions. Until the closing, LogMeIn remains an independent, publicly traded company.
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This entry was posted on December 17, 2019 at 12:40 pm and is filed under Commentary with tags LogMeIn. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.