Turn/River Capital to take SolarWinds private in $4.4bn buyout

Turn/River Capital agreed to acquire IT management software provider SolarWinds in a $4.4bn transaction, marking a significant move amid improving conditions for debt-funded acquisitions.

The deal, which values SolarWinds at $18.50 per share, represents a 23.1% premium over the company’s last closing price and is expected to be finalized in the second quarter of 2025.

The buyout has already secured approval from SolarWinds’ largest shareholders, Thoma Bravo and Silver Lake, which collectively hold around 65% of the company’s voting securities. Following the announcement, SolarWinds’ stock surged 23%, although it remains down 35% over the past year.

According to Reuters calculations, the deal assigns an equity value of $3.16bn to the company. SolarWinds specializes in IT management software, offering tools that monitor network performance and identify potential issues such as traffic spikes that can lead to slowdowns or outages.

The acquisition reflects a growing trend of private equity firms re-entering the leveraged buyout market as borrowing costs stabilize.

Source: Verdict

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