Zendesk co-founder and CEO Mikkel Svane
Eric Piermont | AFP | Getty Photos
Buyer expertise software program firm Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it at round $10.2 billion, the corporate introduced Friday.
The deal, led by funding corporations Permira and Hellman & Friedman, will give shareholders $77.50 per share, a premium of about 34% over the corporate’s closing inventory worth Thursday, based on the discharge.
Shares had been up about 27% on Friday.
The funding corporations plan to take Zendesk personal as soon as the deal closes. Additionally included within the investor group is a completely owned subsidiary of the Abu Dhabi Funding Authority and GIC.
Zendesk’s board unanimously accepted the deal, which it expects to shut within the fourth quarter of this 12 months, the corporate mentioned.
Subscribe to CNBC on YouTube.
WATCH: Zendesk receives takeover curiosity from personal fairness, based on report