A person uses an Apple iPhone to photograph the signage of Cloudera during the company’s initial public offering (IPO) on the New York Stock Exchange (NYSE) in New York, April 28, 2017.
Michael Nagel | Bloomberg | Getty Images
Cloudera’s agreement on Tuesday to sell to a group of buyout firms in a $ 5.3 billion transaction continues a trend in 2021: most major tech deals go to private equity.
Of the 12 largest technology acquisitions in the US this year, excluding specific acquisition companies, seven were orchestrated by private equity firms, according to FactSet.
The largest was Thoma Bravo’s acquisition of security software provider Proofpoint in April for $ 12.3 billion. In February, Stone Point Capital and Insight Partners agreed to buy technology-based real estate company CoreLogic for just under $ 6 billion.
Clayton, Dubilier & Rice and KKR said they are teaming up to buy Cloudera in part to aid in data analysis …