Haveli, General Atlantic To Buy Software Firm Certinia For Nearly $1B; Salesforce Which Owns Less Than 10% Of Certinia, Will Roll Over Its Stake As Part Of The Deal
Portfolio Pulse from Benzinga Newsdesk
Private equity firm Haveli and growth equity firm General Atlantic are set to acquire software company Certinia for nearly $1 billion. Salesforce, which owns less than 10% of Certinia, will roll over its stake as part of the deal.
July 26, 2023 | 1:33 pm
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Salesforce, which owns less than 10% of Certinia, will roll over its stake as part of the acquisition deal. This could potentially impact Salesforce's equity portfolio.
Salesforce's decision to roll over its stake in Certinia as part of the acquisition deal indicates that it sees potential in the future of Certinia under the new ownership. However, as Salesforce owns less than 10% of Certinia, the financial impact of this deal on Salesforce's overall portfolio is likely to be limited.
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