TPG, Francisco to take software firm New Relic private in $6.5 billion deal 31 Jul 2023
Software maker New Relic has agreed to be taken private by TPG and Francisco Partners in a $6.5 billion all-cash deal, the company said on Monday, sending its shares up 13.5 per cent. The private equity firms have offered New Relic shareholders $87 per share held, representing a premium of 17.5 per cent to the…