Going Private • Software

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 Context
  • This is Clearlake Capital’s 17th and Insight Partners’ 39th transaction in the Software sector.
  • This is Clearlake Capital’s 4th and Insight Partners’ 4th largest (disclosed) transaction.
  • This is Clearlake Capital’s 84th and Insight Partners’ 75th transaction in the United States.
  • This is Clearlake Capital’s 15th and Insight Partners’ 18th transaction in California.

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M&A Deal Summary

Date December 18, 2023
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 Company

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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Buyers Overview 2

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B 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 Context for Buyer #
Overall 88 of 93
Sector: Software 17 of 19
Type: Going Private 7 of 8
State: California 15 of 16
Country: United States 84 of 88
Year: 2023 2 of 2
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 FloWorks

Houston, 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 was founded in 1974 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 Black Duck Software

Burlington, Massachusetts, United States

Black Duck Software is a provider of automated solutions for securing and managing open source software, eliminating the pain related to security vulnerabilities, open source license compliance and operational risk. Black Duck Software was founded in 2002 and is headquartered in Burlington, Massachusetts.

Buy $2.1B
Buyer

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
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 Context for Buyer #
Overall 93 of 99
Sector: Software 39 of 42
Type: Going Private 8 of 8
State: California 18 of 19
Country: United States 75 of 79
Year: 2023 3 of 4
Size (of disclosed) 4 of 14
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 City, 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, New York.

Buy -