Private equity money keeps pouring into tech, as Cloudera becomes latest multibillion-dollar buyout
Cloudera’s agreement on Tuesday to sell to a group of buyout firms (Clayton Dubilier & Rice LLC (CD&R) and KKR & Co) in a transaction valued at $5.3 billion continues a 2021 trend: most of the big-dollar deals in tech are going to private equity. Buyout firms have been increasingly active in tech in recent years, primarily snapping up companies that have experienced slowing growth and stock market underperformance.
Ernst & Young said in a report early this year that techno