EBITDA

Splunk / Cisco · Qatalyst Partners · Morgan Stanley · 2023 · Chapter 11 of 61

Sections

Announcement

Date

Target

Acquiror

NTM

Revenue

Multiple

NTM

EBITDA

Multiple

NTM

LFCF

Multiple

03/14/23

Cvent Holding Corp.

Blackstone Inc.

6.5x

34.1x

—

03/13/23

Qualtrics

Silver Lake & CPP Investments

7.1x

—

—

03/13/23

Momentive Global Inc.

STG Partners, LLC

3.0x

16.0x

17.0x

01/09/23

Duck Creek Technologies

Vista Equity Partners Management, LLC

7.0x

—

—

01/20/23

Magnet Forensics Inc.

Thoma Bravo

9.8x

—

49.3x

12/12/22

Coupa Software Inc.

Thoma Bravo

8.4x

37.5x

39.3x

05/26/22

VMware, Inc.

Broadcom Inc.

5.1x

15.1x

16.6x

05/04/22

Black Knight, Inc.

Intercontinental Exchange, Inc.

9.7x

19.7x

28.2x

04/11/22

Datto Holding Corp.

Kaseya Limited & Insight Partners

8.3x

36.0x

—

01/31/22

Citrix Systems, Inc.

Evergreen Coast Capital Corporation & Vista Equity Partners

5.1x

16.0x

17.9x

12/20/21

Cerner Corporation

Oracle Corporation

4.8x

14.1x

23.9x

12/07/21

Mimecast Limited

Permira Holdings Limited

8.8x

32.1x

40.6x

11/07/21

McAfee Corp.

Investor Group

7.4x

17.0x

14.5x

08/19/21

Inovalon Holdings, Inc.

Nordic Capital Limited

8.8x

25.0x

41.5x

08/05/21

Cornerstone OnDemand, Inc.

Clearlake Capital Group, L.P.

5.9x

18.8x

18.4x

06/28/21

QAD Inc.

Thoma Bravo

5.3x

—

—

06/01/21

Cloudera Inc.

Kohlberg Kravis Roberts & Co. L.P. & CD&R

5.2x

30.4x

41.9x

04/26/21

Proofpoint, Inc.

Thoma Bravo

9.4x

—

—

03/08/21

Pluralsight, Inc.

Vista Equity Partners Management, LLC

8.4x

—

—

12/21/20

RealPage, Inc.

Thoma Bravo

8.2x

28.9x

37.8x

11/02/20

Endurance International Group Holdings, Inc.

Clearlake Capital Group, L.P.

2.6x

9.9x

12.0x

12/17/19

LogMeIn, Inc.

Francisco Partners

3.4x

10.7x

14.0x

12/04/19

Instructure Holdings, Inc.

Thoma Bravo

6.5x

—

—

11/11/19

Carbonite, Inc.

Open Text Corporation

2.7x

9.8x

13.1x

10/22/19

Cision Ltd.

Platinum Equity

3.5x

10.0x

12.9x

10/14/19

Sophos Ltd.

Thoma Bravo

5.0x

30.8x

37.2x

06/12/19

Medidata Solutions, Inc.

Dassault Systèmes

7.5x

31.0x

—

02/12/19

Ellie Mae

Thoma Bravo

6.8x

31.0x

—

02/04/19

Ultimate Software Group, Inc.

Investor Group

8.4x

34.5x

—

12/23/18

MYOB Group Limited

Kohlberg Kravis Roberts & Co. L.P.

4.9x

12.1x

27.5x

11/11/18

Apptio, Inc.

Vista Equity Partners Management, LLC

7.0x

—

—

11/11/18

athenahealth, Inc.

Veritas Capital & Elliott Management Corporation

3.9x

13.8x

34.0x

10/28/18

Red Hat, Inc.

International Business Machines Corp

9.3x

33.8x

33.8x

10/10/18

Imperva, Inc.

Thoma Bravo

5.1x

45.1x

32.2x

03/06/18

CommerceHub, Inc.

GTCR LLC & Sycamore Partners Management, L.P.

8.6x

20.5x

26.8x

01/29/18

Callidus Software Inc.

SAP SE

8.3x

—

—

12/17/17

Aconex Limited

Oracle Corporation

8.1x

—

—

11/27/17

Barracuda Networks, inc.

Thoma Bravo

3.6x

18.8x

21.5x

10/23/17

BroadSoft Inc.

Cisco Systems, Inc.

4.6x

18.3x

26.6x

12/14/16

Neustar, Inc.

Golden Gate Capital

2.3x

5.0x

5.9x

11/20/16

LifeLock, Inc.

Svmantec Corporation

3.3x

24.0x

20.0x

09/19/16

Infoblox Inc.

Vista Equity Partners Management, LLC

3.7x

19.4x

21.9x

08/31/16

Interactive Intelligence Group, Inc.

Genesys Telecommunications Laboratories, Inc.

3.2x

—

—

08/01/16

Fleetmatics Group Limited

Verizon Communications Inc.

6.3x

18.4x

35.6x

07/07/16

AVG Technologies N.V.

Avast Software

3.2x

9.0x

13.2x

06/02/16

Qlik Technologies Inc.

Thoma Bravo

3.6x

32.1x

—