The facts in this briefing are sourced from an SEC EDGAR Form 8-K filed and published on April 16, 2025.
On the financial advisory side, Turn/River, the acquirer, retained a syndicate of advisors: J.P. Morgan, Barclays, Santander, and RBC Capital Markets all acted as financial advisors to Turn/River. For SolarWinds, the target, Goldman Sachs & Co. LLC acted as the lead financial advisor, with Jefferies LLC also acting as a financial advisor in a supporting, non-lead capacity.
Legal counsel is split by side. Kirkland & Ellis LLP acted as legal counsel for Turn/River, the acquirer. DLA Piper LLP (US) acted as SolarWinds' legal counsel, the target.
The facts block confirms this is a cash acquisition marking the closing of SolarWinds' take-private by Turn/River Capital, with a disclosed aggregate value of $4,400,000,000, but provides no further detail on the per-share price, financing sources for Turn/River's acquisition syndicate, or any other structural terms.
Several material facts are not disclosed. No expected closing date beyond the April 16, 2025 filing date is given. The per-share purchase price is not specified beyond the aggregate disclosed value, and no detail is provided on the financing structure backing Turn/River's acquisition syndicate.