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ESW Capital Closes USD 462m Acquisition of Collaboration Software Specialist Jive.


13 June 2017 - US-based private equity firm ESW Capital, LLC, through its Wave Systems affiliate, has closed the acquisition of US-based colalborative solutions specialist Jive Software, Inc. (NASDAQ: JIVE), the firm said.

Aurea offers marketing software. The transaction is valued at USD 462m.

Under the terms of the definitive agreement announced on 1 May 2017, a tender offer for all the outstanding shares of Jive common stock was commenced at USD 5.25 per share in an all-cash transaction valued at USD 462m.

The tender offer and merger contemplated by the definitive agreement were completed on 12 June 2017 and Jive has become part of the Aurea family of companies.

This represents a premium of 20% to the average of Jive's closing stock price during the three months ending on 28 April 2017.

Aurea provides the technology platform and worldwide delivery capability to enable companies to build, execute, monitor and optimize the end-to-end customer journey across a diverse range of industries.

Following completion of the transaction, Jive's common stock will be delisted from the NASDAQ and deregistered from the Securities Exchange Act of 1934.

Jive provides industry-leading interactive intranet and customer community solutions that connect people, information and ideas to help businesses outpace their competitors.

Morgan Stanley is serving as financial advisor to Jive, and Wilson Sonsini Goodrich and Rosati, P.C. is serving as legal advisor to Jive.

Atlas Technology Group LLC is acting as financial advisor to ESW Capital and its subsidiaries. Cooley LLP is serving as legal counsel to ESW Capital and its subsidiaries.

Country: USA

Sector: Computer Software

Target: Jive Software, Inc

Buyer: ESW Capital


Deal size in USD: 462m

Type: LBO

Financing: Cash

Status: Closed

Buyer advisor: Atlas Technology Group , Cooley ,


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Publication:M & A Navigator
Date:Jun 13, 2017
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