Vision Solutions, a portfolio company of PE firm Thoma Bravo, has agreed to acquire Southborough, Massachusetts-based Double-Take Software, a provider of backup and recovery solutions.
Under the terms of the agreement, Double-Take stockholders will receive $10.55 in cash for each share of common stock they hold, a premium of approximately 39% and 21% to Double-Take’s enterprise value and closing share price of $8.71, respectively, on the last business day prior to Double-Take’s announcement that its BOD was considering indications of interest to be acquired.
The deal, which was announced today, values Double-Take Software at approximately $242 million. 