Houlihan Lokey Advises Clearlake Capital Group and Insight Partners

Houlihan Lokey is pleased to announce that Clearlake Capital Group and Insight Partners have acquired Alteryx, Inc. (NYSE:AYX) for $4.4 billion. The transaction closed on March 19, 2024.

Alteryx, the Analytics Cloud Platform company, announced the closing of its acquisition by Clearlake Capital Group and Insight Partners—two global private equity firms—in a transaction valued at $4.4 billion, including debt. As a result of the transaction, Alteryx will become a privately held company.

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 per-share purchase price represents a 59% premium to Alteryx's unaffected closing stock price on September 5, 2023, the last full trading day prior to media reports regarding a possible sale transaction.

The transaction, which was approved and recommended by an independent Special Committee of Alteryx’s Board of Directors and then approved by Alteryx’s Board of Directors, has closed in accordance with customary closing conditions and approvals, including approval by Alteryx stockholders and the receipt of required regulatory approvals. Dean Stoecker, Co-Founder and Executive Chairman of the Alteryx Board of Directors, held approximately 49% of Alteryx’s voting power and entered into a customary voting agreement to support the transaction. The transaction was not subject to a financing condition or a “majority of the minority” stockholder vote.

As a result of the transaction, Alteryx’s common stock will no longer be listed on any public stock exchange.

Houlihan Lokey acted as the lead financial advisor to Clearlake Capital Group and Insight Partners, highlighting Houlihan Lokey’s leading global software franchise.