Cloudera has entered into an agreement to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) and KKR in an all cash transaction valued at approximately $5.3 billion, announced the firm last week.
Founded in 2008, Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021.
KKR is making the investment from its North American private equity funds, adding to KKR’s experience helping to grow leading global technology businesses, including GoDaddy, Internet Brands, Epicor, BMC, Optiv, Calabrio, Corel and 1-800 Contacts. CD&R’s investments in technology-related businesses include Epicor, Capco, m2gen, Sirius Computer Solutions, and TRANZACT.
Rob Bearden, CEO of Cloudera
This transaction provides substantial and certain value to our shareholders while also accelerating Cloudera’s long-term path to hybrid cloud leadership for analytics that span the complete data lifecycle - from the Edge to AI.
