Investment Summary

Elliott Invests In Salesforce

On January 23, 2023, asset manager Elliott invested in internet software and services company Salesforce

Investment Highlights
  • This is Elliott’s 1st transaction in the Internet Software and Services sector.
  • This is Elliott’s 6th transaction in the United States.
  • This is Elliott’s 1st transaction in California.

Investment Summary

Date 2023-01-23
Target Salesforce
Sector Internet Software and Services
Investor(s) Elliott
Deal Type Stake Purchase

Target

Salesforce

San Francisco, California, United States
Salesforce office in downtown Chicago, Illinois.
Salesforce office in downtown Chicago, Illinois.
Salesforce is a provider of enterprise cloud computing solutions. The Company's four core services include Sales Cloud, Service Cloud, Marketing Cloud and the Salesforce Platform. Salesforce delivers solutions as a service via all the major Internet browsers and on most major mobile device operating systems. Salesforce was founded in 1999 and is based in San Francisco, California.

Search 214,744 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Elliott


Category Asset Manager
Founded 1977
PE ASSETS 59.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Elliott Management is a diversified investment management firm consisting of private equity, distressed, and hedge funds. The Firm's private equity group looks to acquire majority or minority stakes in private companies. In addition to private equity investing, Elliott looks to acquire positions in public companies, distressed assets, real estate, and commodities. Elliott Management was formed in 1977 and is headquartered in West Palm Beach, Florida.


DEAL STATS #
Overall 12 of 15
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
State: California M&A 1 of 2
Country: United States M&A 6 of 9
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Enra Specialist Finance

Borehamwood, United Kingdom

Enra Specialist Finance is a specialist distributor of secured loans, and also specializes in bridging finance and commercial mortgages. Its market share enables it to offer highly competitive loan solutions to intermediaries and their clients, and a strong flow of business for specialist lenders. Enra Specialist Finance is based in Borehamwood, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Western Digital

San Jose, California, United States

Western Digital is a developer and manufacturer of storage products that enable people to create, manage, experience and preserve digital content. The Company designs and makes storage devices, networking equipment and home entertainment products under the WD, HGST and G-Technology brands. Western Digital was formed in 1970 and is based in San Jose, California.

Buy -