Slightly older news, but...
Publicly traded Citrix Systems could be taken private in a deal by hedge fund Elliott Management Corp. and Vista Equity Partners, according to multiple media reports. The news comes as Citrix leadership prepares to revamp its partner program in 2022.
[Source CRN]
Any thoughts?
Deal not going anywhere.
Vista just sank 2+ billion in Salesloft, and that’s just to get a share of it. Not anything close to outright ownership. These folks have plenty of money, and Citrix doesn’t have anywhere else to go. The pitch to the banks will be a vision for breaking up the company and selling it in pieces. Wrike, Sharefile, Right Signature, and then what we know to be Citrix right now can be split up between VAD and Security. There are many avenues to go if you look at it that way. Also — this would be an investment from two (separate) equity firms. They won’t go into this holding hands and looking for synergies. Citrix is a dying star — they’ll bust it up, distribute it among the 2 firms and then those firms will sell the assets for their ROI (see Vista sells Wrike to Citrix)
They won't be able to get financing to take it private. Banks know that hedge funds load up companies with debt and don't pay it back.
They have more layoffs than a healthy company.
Not sure what will happen with Citrix. The only thing we can be certain of is that there will be more layoffs!
more layoff then .. thick skin drag out of this and get the package before you move on.. make them pay..
Either they go private or they fold up. No one wants to buy them.