KKR, CD&R take data analytics firm Cloudera private for $4.7 billion

Private equity firms KKR & Co and Clayton Dubilier & Rice LLC (CD&R) will take Cloudera Inc private for $4.7 billion, the cloud-based data analytics company said on Tuesday.

The $16 per share cash offer represents a premium of over 24% to Cloudera’s last close on Friday, the company said in a regulatory filing. (https://bit.ly/2Tzxyun)

Cloudera, which provides cloud-based software and platform to enterprises for data management and insights generation, caters to industries including finance, healthcare and government agencies.