Insurtech Duck Creek Technologies to go private via Vista Equity deal

Insurtech Duck Creek Technologies to go private via Vista Equity deal

Global investment firm Vista Equity Partners has agreed to acquire Duck Creek Technologies, a Nasdaq-listed insurtech company, for around $2.6 billion in cash. Duck Creek Technologies offers cloud-based property and casualty (P&C) insurance solutions to its customers, including American International Group and Berkshire Hathaway Specialty Insurance. As per the terms of the deal, Duck Creek […]

Cloud computing company Citrix Systems to go private in $16.5bn deal

Cloud computing company Citrix Systems to go private in $16.5bn deal

Cloud computing company Citrix Systems is set to go private in a $16.5 billion takeover by affiliates of Vista Equity Partners and Elliott Investment Management. The acquisition price covers the assumption of Citrix Systems’ net debt as well. Elliott Investment Management is participating in the takeover via its affiliate Evergreen Coast Capital. The hedge fund […]