December 20, 2023

Willkie represented longstanding client Insight Partners in its acquisition with Clearlake Capital of leading cloud analytics company Alteryx Inc. in a deal valued at $4.4 billion. 

On December 18, analytics cloud platform company Alteryx announced it entered into a definitive agreement to be acquired by global private equity firms Insight Partners and Clearlake Capital in a transaction valued at $4.4 billion, including debt. Upon completion of the transaction, Alteryx will become a privately held company and its common stock will no longer be listed on any public stock exchange.

Under the terms of the agreement, Alteryx stockholders will receive $48.25 per share in cash for each share of Alteryx Class A or Class B common stock that they own. The transaction is expected to provide Alteryx increased working capital and industry expertise, and the flexibility as a private company.

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies, with over $80 billion in regulatory assets under management.

Clearlake Capital is a global investment firm operating across private equity, credit, and other related strategies with over $70 billion of assets under management. 

The Willkie team was led by partners Matthew Guercio and Erin Kinney and included associate Nidhi Modani.