M&A Deal Summary

Turn/River Acquires SolarWinds

On February 7, 2025, private equity firm Turn/River acquired software company SolarWinds for 4.4B USD

Acquisition Highlights
  • This is Turn/River’s 8th transaction in the Software sector.
  • This is Turn/River’s largest (disclosed) transaction.
  • This is Turn/River’s 14th transaction in the United States.
  • This is Turn/River’s 4th transaction in Texas.

M&A Deal Summary

Date 2025-02-07
Target SolarWinds
Sector Software
Buyer(s) Turn/River
Deal Type Going Private
Deal Value 4.4B USD
Advisor(s) Goldman Sachs
Jefferies (Financial)
DLA Piper (Legal)

Target

SolarWinds

Austin, Texas, United States
SolarWinds provides hybrid IT infrastructure management software to customers worldwide from Fortune 500 enterprises to small businesses, government agencies and educational institutions. SolarWinds was founded in 1999 and is based in Austin, Texas.

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Buyer(S) 1

DESCRIPTION

Turn/River is a private investment firm that specializes in growth capital investments, buyouts, spin-outs, and recapitalizations of small-scale technology, web and Saas companies. The Firm has a particular interest in bootstrapped companies. Turn/River Capital is based in San Francisco, California.


DEAL STATS #
Overall 16 of 16
Sector (Software) 8 of 8
Type (Going Private) 2 of 2
State (Texas) 4 of 4
Country (United States) 14 of 14
Year (2025) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 Redwood

Frisco, Texas, United States

Redwood is a full-stack automation fabric solution provider for mission-critical business processes. Redwood was formed in 1993 and is based in Frisco, Texas.

Sell -