On December 18, 2023, Alteryx (NYSE: AYX), a software company based in Irvine, California, announced that it has entered into a definitive agreement to be acquired by private equity firms Clearlake Capital and Insight Partners for $4.4 billion, including debt. Wilson Sonsini Goodrich & Rosati acted as the legal advisor to Alteryx.

Under the agreement, shareholders of Alteryx will receive $48.25 in cash for each share. This offer marks a 59% premium over the company's stock price before public speculation of a sale.

The transaction, endorsed by Alteryx's Board of Directors and an independent Special Committee, is slated for completion in the first half of 2024, subject to customary closing conditions and approvals. Upon completion of the transaction, Alteryx's common stock will no longer be listed on any public stock exchange.

The Wilson Sonsini team that advised Alteryx on the transaction includes:

Corporate/M&A
Raj Judge
Marty Korman
Doug Schnell
Remi Korenblit
Jackie Hamilton
Dennise Martinez
Emma Sarkisyan
Cassie Wetzel
Joy-Annette Atsegbua

Antitrust and Competition
Beau Buffier
Kim Biagioli
Lindsey Edwards
Rose Reinacher
Dillon Ostlund

Technology Transactions
Adam Shevell
Dena Smith
Kristin Bradley
Chris Murray
Isabel Annino
Brittany Von Rueden
Waen Vejjajiva
Ariel Friedman
Graham Hendrick
Regina McLeod
Stephanie Stark​

Employee Benefits and Compensation
David Thomas
Gregory Hughes

Privacy and Cybersecurity
Matt Staples
Michael O’Brien
Diya Jajal
Dantam Le

Tax
David Strong
Nika Antonikova

Employment
Jason Storck
Aren Balabanian
Ryan Gribbin-Burket

Real Estate
Susan Reinstra
Sean Wilkinson
Matthew Parsons

Environmental
Martin Sul

Corporate Finance
John Mao
Michael Rosati
Andrew Ralston
Jill Fulwiler
Alex Weber

Regulatory
Joshua Gruenspecht
Seth Cowell
Anne Seymour
Kara Millard

Delaware Law
Amy Simmerman
James Griffin-Stanco
Jason Schoenberg

For more information, please see Alteryx’s press release and coverage by Bloomberg and Reuters.