Monday, November 27, 2017

Bazaarvoice Acquired By Marlin Equity For $521M

Austin-based ratings and review provider Bazaarvoice announced this morning that it is in a go-private deal with Marlin Equity Partners, where Marlin Equity will pay $521M in cash for all of its outstanding common stock. Bazaarvoice said Marlin will pay $5.50 per share in cash for the company, an 18 percent premium to its average closing price for the 30-calendar day period ending November 24th. Bazaarvoice plans to maintain its headquarters in Austin after the acquisition. Bazaarvoice was advised by investment banking firm GCA Advisors LLC in the deal; DLA Piper LLP is the legal advisor to the company. Bazaarvoice powers the ratings and reviews information behind many e-commerce websites.