Silver Lake and CPP Investments (with co-investors) Acquire Qualtrics
June 28, 2023
Silver Lake, in partnership with Canada Pension Plan Investment Board (CPP Investments) and several co-investors including Accel, BDT & MSD Partners and DFO Management, completed a transaction to take Qualtrics private in a deal valuing the company at approximately $12.5 billion. The investors acquired 100% of outstanding shares (including SAP’s majority stake) for $18.15 per share to support Qualtrics’ continued product and AI-driven growth as an independent, privately held enterprise cloud software platform.
- Buyers
- Silver Lake, Canada Pension Plan Investment Board (CPP Investments), Accel, BDT & MSD Partners, DFO Management (family investment office of Michael Dell)
- Targets
- Qualtrics
- Sellers
- SAP SE
- Industry
- Cloud & SaaS
- Location
- Utah, United States
- Transaction Type
- Buyout
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