Thoma Bravo Wins Battle for Coupa in $6.2 Billion Deal [BNN Bloomberg (Canada)]
Groupon, Inc. (GRPN)
Last groupon, inc. earnings: 2/18 04:09 pm
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Source: BNN Bloomberg
The acquisition of Coupa caps off a year of sizable take-private deals for Thoma Bravo, including Anaplan Inc., Sailpoint Inc. and Ping Identity. It beat out Vista, another technology-focused private equity firm, which had also been in talks to buy Coupa. Thoma Bravo will pay $81 a share in cash for San Mateo, California-based Coupa, a 77% premium to the closing price on Nov. 22, prior to a Bloomberg News report regarding the potential sale of the company, according to a statement on Monday. The deal, which has an enterprise value of $8 billion and is expected to close in the first half of 2023, also includes a “significant minority investment” from the Abu Dhabi Investment Authority. Coupa provides so-called business-spend management software, which helps companies track and manage the purchasing of goods and services. Customers have included Nestle SA and Groupon Inc., according to its website. The market for tech buyouts has been busy despite financing being harder to come
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News
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- Groupon Reports Fourth Quarter & Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
GRPN
Earnings
- 11/9/23 - Miss
GRPN
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/15/24 - Form 8-K
- GRPN's page on the SEC website