This morning it was announced that RGM Capital portfolio company SailPoint Inc. (SAIL) is being acquired by private equity firm Thoma Bravo for $65.25 per share in cash. The purchase price represents a 32% premium to Friday’s closing price and a 48% premium to the 90-day volume-weighted average price. SAIL represents ~5.75% of our capital base.
SAIL is a cybersecurity software vendor the provides Identity Governance & Administration security solutions. We were initially attra