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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