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Transactions / S••• L••••

S••• L•••• to be Acquired by F•••••••• P••••••• for $1.7 Billion

Platform acquisitionannouncedannounced Jan 20, 2023Fact
What happened
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
technology / analytics, cloud, saas, technology
Target location
unknown
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
7 named
Buy side
  • K••• S•••Deal partnerconfirmed
    "We are excited to invest in S••• L•••• and support its mission to make the world's digital experiences reliable and secure," added K••• S•••, a Principal at F•••••••• P•••••••.
  • S••• L•••• (Nasdaq: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it has entered into a definitive agreement (the "Agreement") to be acquired by affiliates of F•••••••• P•••••••, a leading global investment firm that specializes in p
Advisory side
  • P••••••••• C•••••••••Legal adviserconfirmed
    M••••• S•••••• • C•• L•• is serving as sole financial advisor to S••• L••••, and Wilson Sonsini Goodrich & Rosati, P••••••••• C••••••••• is serving as legal counsel.
  • K••••••• • E•••• L••Legal adviserconfirmed
    K••••••• • E•••• L•• is serving as legal counsel to F•••••••• P•••••••.
  • M••••• S•••••• • C•• L••Sell-side adviserconfirmed
    M••••• S•••••• • C•• L•• is serving as sole financial advisor to S••• L••••, and Wilson Sonsini Goodrich & Rosati, P••••••••• C••••••••• is serving as legal counsel.
Side not stated
  • R•••• S••••Managementconfirmed
    "Since founding S••• L•••• in 2010, we have created a trusted, cloud-native, SaaS analytics platform for observability and security, enabling our customers to transform complexity into insights and accelerate their cloud transformation adoption," said R•••• S••••, President and CEO of S••• L••••.
  • S••• L•••• to be Acquired by F•••••••• P••••••• for $1.7 Billion
Evidence
S••• L•••• to be Acquired by F•••••••• P••••••• for $1.7 Billion