Zuora Agrees to $1.7 Billion Buyout by Silver Lake and GIC

The deal will take the subscription management firm private, with the transaction expected to close in early 2025.

Zuora's shares rose nearly 6% following the announcement of its acquisition by Silver Lake and GIC for $10 per share.
The buyout values Zuora at $1.7 billion and represents a 6.2% premium over its last closing price.
Zuora, founded in 2007, provides billing and subscription management software to major enterprise clients.
CEO Tien Tzuo will remain at the helm as Zuora transitions to a privately held company headquartered in Redwood City.
The acquisition is part of a trend of significant private equity deals this year, with the sector experiencing strong capital deployment.