Vista, Evergreen and Elliott buy Citrix for $16.5bn; TPG preps to launch 9th fund

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The Wire

Jan. 31, 2022

Vista, Evergreen and Elliott buy Citrix for $16.5bn; TPG preps to launch 9th fund

Happy Monday, Hubsters. MK Flynn here, with today’s Wire.

Take-private deal. Big news this morning: Citrix Systems has agreed to be acquired by Vista Equity Partners, Evergreen Coast Capital and an affiliate of Elliott Investment Management in an all-cash deal valued at $16.5 billion, including the assumption of Citrix debt. Several mega take-private deals were announced in 2021, and more are expected this year.

Fundraising. On the heels of its successful IPO, TPG Capital is preparing to launch its ninth flagship fund, sources told Buyouts.

From A to IPO. “Now that everyone and their brother is jumping into growth deals, late-stage investment pioneer TCV is heading the other way with a brand-new fund focused on Series A through C deals,” reports Venture Capital Journal’s Lawrence Aragon.

Deal of the Year: Get your nominations in now for your best exits (either full or majority) that closed in 2021. Awards are given in seven categories: overall deal of the year, large-cap, middle-market, small-cap, international, turnaround and secondaries. Deadline is Friday, Feb. 11. Send to Chris Witkowsky, private equity editor, at cwitkowsky@buyoutsinsider.com. Go here for all the rules and regs!

If you’re still reeling from last week’s SEC alerts, check out analysis from Regulatory Compliance Watch’s Bill Myers.

Until tomorrow,

MK

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