Informatica Agrees To Go Private In $5.3 Bln Deal - Quick Facts

(RTTNews) - Informatica Corp. (INFA), an independent provider of enterprise data integration software and services, Tuesday said it has entered into a definitive agreement to be acquired by a company controlled by the Permira funds and Canada Pension Plan Investment Board or CPPIB for about $5.3 billion.

Informatica shareholders will receive $48.75 in cash for each share of Informatica common stock. The transaction is expected to be completed in the second or third quarter of 2015.

Informatica's Board of Directors has unanimously approved the merger agreement and resolved to recommend that its shareholders adopt the agreement.

Qatalyst Partners acted as financial advisor to Informatica and Wilson Sonsini Goodrich & Rosati was its legal counsel.