Alteryx Inc.’s stock
AYX,
was up by 1.5% in premarket trading on Monday after the cloud analytics company agreed to be taken private by Clearlake Capital Group LP and Insight Partners for $48.25 a share. The deal values Alteryx at about $4.4 billion, or a 59% premium to the company’s unaffected closing stock price on Sept 5, the day prior to media reports about a potential deal. Behdad Eghbali, co-founder and managing partner, and Prashant Mehrotra, partner, at Clearlake said, “We have long appreciated the company’s best-in-class technology that enables users to change data into insights.” Insight Partners Managing Directors Deven Parekh and Ryan Hinkle said they first met Alteryx co-founder and Executive Chairman Dean Stoecker in 2006, followed by a partnership between the two firms in 2014.
