Vista Equity Partners Buying KnowBe4 for $4.6 Billion, Taking It Private
KnowBe4 became a public company in April of last year.
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It’s official: Vista Equity Partners is acquiring KnowBe4 for $4.6 billion, taking the security awareness training provider private again.
Last month, KnowBe4 confirmed receiving a proposal from Vista Equity Partners to acquire all outstanding shares of the company
The all-cash transaction should wrap in the first half of 2023, subject to customary closing conditions. Those include receipt of regulatory approvals and approval by KnowBe4 stockholders.
Vista Equity Partners will acquire all outstanding shares of the company for $24.90 per share in cash. The proposal represents a 44% premium over KnowBe4’s closing price on Sept. 16. That was the last full trading day before Vista Equity Partners publicly disclosed its initial, non-binding acquisition proposal.
Vista Equity Partners Acquisition Next Phase of KnowBe4’s Journey
Stu Sjouwerman is KnowBe4