Nutanix for Sale: Will Private Equity Acquire Hybrid Cloud Company?

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Nutanix is seeking a buyer after receiving takeover interest for the cloud software company, The Wall Street Journal reported.

Nutanix has a market cap of about $4.78 billion as of October 14, 2022 (pre-market trading). The company’s stock ($NTNX) is down about 40% year to date, and down 20% over the past five years, according to SeekingAlpha. Still, shares jumped 16% after the M&A speculation surfaced on October 14, 2022.

Key shareholders include Bain Capital, which invested $750 million in Nutanix in 2020. Also, activist hedge fund Legion Partners Asset Management owns nearly 7% of Nutanix, The Journal noted.

Clues about a potential Nutanix company sale surfaced in September 2022, when the board announced various governance enhancements. The changes led some Wall Street analysts to believe the board was prepping Nutanix for an exit.

Big private equity firms such as Thoma Bravo, Insight Partners and Vista Equity Partners have financial…



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