M&A Deal Summary

CD&R and KKR Acquire Cloudera

On June 1, 2021, private equity firms CD&R and KKR acquired software company Cloudera for 5.3B USD

Acquisition Highlights
  • This is CD&R’s 2nd and KKR’s 20th transaction in the Software sector.
  • This is CD&R’s 10th and KKR’s 21st largest (disclosed) transaction.
  • This is CD&R’s 53rd and KKR’s 167th transaction in the United States.
  • This is CD&R’s 1st and KKR’s 39th transaction in California.

M&A Deal Summary

Date 2021-06-01
Target Cloudera
Sector Software
Buyer(s) CD&R
KKR
Deal Type Going Private
Deal Value 5.3B USD
Advisor(s) Morgan Stanley (Financial)
Latham & Watkins (Legal)

Target

Cloudera

Santa Clara, California, United States
Cloudera's corporate headquarters in Palo Alto, California.
Cloudera's corporate headquarters in Palo Alto, California.
Cloudera is an enterprise software company that offers a platform for data management, machine learning, and advanced analytics. Cloudera's platform enables organizations to use vast amounts of data from a variety of sources, including the Internet of Things (IoT), to better serve and market to their customers, design connected products and services and reduce risk through greater insight from data. Cloudera was formed in 2008 and is based in Santa Clara, California.

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Buyer(S) 2

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 74 of 92
Sector (Software) 2 of 2
Type (Going Private) 6 of 12
State (California) 1 of 2
Country (United States) 53 of 67
Year (2021) 6 of 10
Size (of disclosed) 10 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 UDG Healthcare

Dublin, Ireland

UDG Healthcare operates in two segments, Ashfield and Sharp. Ashfield is a global integrated healthcare services partner offering a breadth of services in advisory, marketing, communications, strategic engagement, and patient solutions. Sharp engages in contract packaging, clinical, manufacturing, and technology services. UDG Healthcare was founded in 1948 and is based in Dublin, the Republic of Ireland.

Buy $3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 apree health

Seattle, Washington, United States

apree health is a critical shift to value-based care across the United States with the capability to deliver whole system health to a diverse patient population from a single care center. The apree health model is uniquely designed to help people achieve optimum social, psychological, and physical well-being an outcome that's neither probable nor affordable within the current sick-care system. apree health was formed in 2008 and is based in Seattle, Washington.

Buy -
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 394 of 483
Sector (Software) 20 of 23
Type (Going Private) 26 of 37
State (California) 39 of 46
Country (United States) 167 of 210
Year (2021) 25 of 52
Size (of disclosed) 21 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Executive Centre

Hong Kong, China

Executive Centre provides serviced offices, virtual office representation services, meeting and conference facilities, and business concierge services to multinational corporations, small and medium enterprises, and start-ups. Executive Centre was founded in 1994 and is based in Hong Kong.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Atlantic Aviation

Plano, Texas, United States

Atlantic Aviation provides a wide range of aviation services, including a premier Fixed Based Operations chain and dedicated concierge service across the United States. Atlantic Aviation was founded in 1927 and is based in Plano, Texas.

Buy $4.5B