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RGM Capital M&A Event: SailPoint (SAIL) To Be Acquired By Thoma Bravo April 11, 2022
April 2022 - Hedge Fund
posted by RGM Value Opportunity Fund, LP
3yrs ago
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