Private equity firm Thoma Bravo is acquiring RealPage in an all-cash transaction valuing the real estate data analytics company at $10.2 billion, including debt. The purchase price is $9.6 billion, according to the Wall Street Journal.
Once the deal is complete, Chairman and CEO Steve Winn and the existing RealPage leadership team will continue to run the company. In prepared remarks, Winn said that the acquisition will allow RealPage to deliver even better products and services to clients and partners.
Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon closing of the transaction. The purchase price represents a premium of 30.8% over RealPage's closing stock price of $67.83 on Dec. 18, 2020.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
