Home News Zendesk is to be acquired by the investor group for DKK 10.2 billion

Zendesk is to be acquired by the investor group for DKK 10.2 billion

by Dubai Forum
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Zendesk co-founder and CEO Mikkel Svane

Eric Piermont | AFP | Getty pictures

The customer experience software company Zendesk agreed to be acquired by an investor group in a cash transaction, valued at around $ 10.2 billion, the company announced Friday.

The agreement, led by investment firms Permira and Hellman & Friedman, will provide shareholders with $ 77.50 per share.

Shares rose about 30% during pre-market trading on Friday.

The investment companies plan to take Zendesk privately once the deal is completed. Also included in the investor group is a wholly owned subsidiary of Abu Dhabi Investment Authority and GIC.

Zendesk’s board of directors unanimously approved the deal, which it expects to close in the fourth quarter of this year, the company said.

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SE: Zendesk receives acquisition interest from private equity, according to the report

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