Silver Lake Taking Qualtrics Private

U.S. private equity group Silver Lake is partnering with Canada’s largest pension fund in an attempt to buy the experience management software company Qualtrics.

The deal, which is valued at $12.4 billion, comes after the majority owner of Qualtrics known as SAP, is looking to sell the 71% stake in the company as they wish to restructure their own.

Silver Lake currently owns 4.1% of the company and since SAP’s announcement last month, Silver Lake has expressed interest in taking the company private.

The deal has not been finalized quite yet but the parties involved will have until March 15th to decide what route they are going to take.

Source: Financial Times