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Alteryx agrees to go private in $4.4B take-private deal with Clearlake and Insight Partners

By Steve Gelsi

Private-equity firms paying 59% premium to Alteryx share price prior to rumors of deal

Cloud analytics company Alteryx Inc. on Monday said it agreed to be taken private by Clearlake Capital Group LP and Insight Partners for $48.25 a share.

The deal values Alteryx (AYX) at about $4.4 billion, or a 59% premium to the company's unaffected closing stock price on Sept 5, the day prior to media reports about a potential deal.

Alteryx's stock fell 2% to $47.04 on Monday after the transaction was announced.

"We have long appreciated the company's best-in-class technology that enables users to transform data into insights," said Clearlake's Behdad Eghbali, co-founder and managing partner; and partner Prashant Mehrotra.

Insight Partners Managing Directors Deven Parekh and Ryan Hinkle said they first met Alteryx co-founder and Executive Chairman Dean Stoecker in 2006, followed by a partnership between the two firms in 2014.

Alteryx stock has fallen 7.2% in 2023, compared with a 42.1% rise by the Nasdaq.

Also read: Alteryx's stock is soaring on narrow-than-expected loss, sales beat

-Steve Gelsi

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12-18-23 1048ET

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