M&A Deal Summary

Clearlake Capital and Insight Partners Acquire Alteryx

On December 18, 2023, private equity firm Clearlake Capital and venture capital firm Insight Partners acquired software company Alteryx for 4.4B USD

Acquisition Highlights
  • This is Clearlake Capital’s 17th and Insight Partners’ 35th transaction in the Software sector.
  • This is Clearlake Capital’s 3rd and Insight Partners’ 4th largest (disclosed) transaction.
  • This is Clearlake Capital’s 84th and Insight Partners’ 70th transaction in the United States.
  • This is Clearlake Capital’s 15th and Insight Partners’ 19th transaction in California.

M&A Deal Summary
Date 2023-12-18
Target Alteryx
Sector Software
Buyer(s) Clearlake Capital
Insight Partners
Deal Type Going Private
Deal Value 4.4B USD
Advisor(s) Qatalyst Partners (Financial)
Wilson Sonsini Goodrich & Rosati
Fenwick & West (Legal)

Target

Alteryx

Irvine, California, United States
Alteryx is a provider of self-service data analytics software. Alteryx's software platform enables organizations to dramatically improve business outcomes and the productivity of their business analysts. Alteryx's subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and more quickly benefit from data-driven decisions. The ease-of-use, speed, and sophistication that its platform provides is enhanced through intuitive and highly repeatable visual workflows. Alteryx was founded in 1997 and is based in Irvine, California.

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Buyer(S) 2

Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 88 of 90
Sector (Software) 17 of 19
Type (Going Private) 7 of 7
State (California) 15 of 16
Country (United States) 84 of 85
Year (2023) 2 of 2
Size (of disclosed) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 FloWorks

Pasadena, Texas, United States

FloWorks is a specialty distributor of critical flow control products and a provider of tailored technical solutions for MRO-focused applications. The Company serves customers across chemicals, downstream refining & renewables, high purity & sanitary, and other industrial end markets. Its product categories include valves & automation, corrosion-resistant flow control, rotating equipment, flanges, filters & purifiers, and instrumentation. FloWorks is based in Pasadena, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 Synopsys Software Integrity

Mountain View, California, United States

Synopsys Software Integrity Group is a provider of application security testing solutions.

Buy $2.1B
Buyer

Insight Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 87 of 91
Sector (Software) 35 of 38
Type (Going Private) 7 of 7
State (California) 19 of 19
Country (United States) 70 of 72
Year (2023) 2 of 3
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Flipp

Toronto, Ontario, Canada

Flipp is a mobile consumer marketplace that is reinventing the weekly shopping experience. The Flipp app is a go-to destination for millions of consumers to access digital circulars from over 800 retailers, equaling over 140,000 store fronts to help plan weekly shopping and find the best local deals. Flipp was founded in 2007 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Exiger

New York, New York, United States

Exiger is an operator of global regulatory and financial crime, risk and compliance company. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and technology solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger was founded in 2013 and is based in New York City.

Buy -
Mergr

Product

Company

Legal