Alteryx Completes $4.4B Sale to Clearlake Capital Group, Insight Partners

Alteryx, a provider of artificial intelligence software for enterprise analytics, has completed its sale to affiliates of global private equity firms Clearlake Capital Group and Insight Partners in a cash transaction worth approximately $4.4 billion.

The Irvine, California-headquartered company said Tuesday it now operates as a private company after delisting from the New York Stock Exchange as part of the agreement.

Under the deal, Alteryx stockholders will receive $48.25 in cash per share of their Alteryx Class A or Class B common stock.

“In partnership with Insight, we are excited to collaborate with the company’s talented employee base and believe that through Clearlake’s O.P.S. framework and sector expertise, Alteryx will have the resources to accelerate its product innovation and continue to provide valuable solutions to customers,” said Behdad Eghbali, co-founder and managing partner; and Prashant Mehrotra, partner and managing director at Clearlake.

The completion of the deal comes three months after Alteryx first announced the agreement and less than a week after it secured approval from Alteryx stockholders.

Qatalyst Partners acted as the exclusive financial adviser and Wilson Sonsini Goodrich & Rosati, Professional Corporation and Fenwick & West served as legal advisers to Alteryx.

Financial advisers for Clearlake and Insight on the deal are Houlihan Lokey, Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley. Sidley Austin and Willkie Farr & Gallagher respectively served as legal advisers to Clearlake and Insight.

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