Deal of the Week: Permira/C.P.P.I.B. to Buy Informatica for $5.3B Announcement Date April 7, 2015 Acquirer Permira (PE firm) and the Canada Pension Plan Investment Board Target Company Informatica Corporation (NASDAQ: INFA) Target Description Provides enterprise data integration software and services worldwide Founded in 1993 and headquartered in Redwood City, CA Target Financial Mkt Cap: $5.2 billion LTM EBITDA: $195.6 million Statistics EV: $4.3 billion LTM EV / Revenue: 4.1x LTM Revenue: $1.1 billion LTM EV / EBITDA: 22.0x Price / Consideration Price: $5.3 billion Consideration: Cash Acquirer Advisors Bank of America Merrill Lynch, Goldman Sachs, Macquarie Capital and Union Square Advisors Target Advisor Qatalyst Partners Rationale “Informatica is an outstanding company and a clear leader in the essential field of enterprise data solutions,” Brian Ruder, a Permira partner, said in a statement. “We are very excited about the company’s ongoing transition to cloud and subscription‐based services, as well as its continued pursuit of four separate billion‐dollar market opportunities in cloud integration, master data management, data integration for next‐generation analytics, and data security.” “After careful consideration and deliberation of strategic alternatives, our board of directors unanimously concluded that the sale of Informatica to the Permira funds and C.P.P.I.B. is in the best interest of all Informatica stakeholders,” Sohaib Abbasi, Informatica’s chairman and chief executive officer, said in a statement. “While delivering immediate compelling value to our shareholders, we remain committed to the long‐term success of our customers, partners, and employees. Permira and C.P.P.I.B. share both our vision for Informatica to power the data‐ready enterprise and our conviction in sustained long‐term growth.” Deal Points The buyers will pay $48.75 in cash for each share of Informatica stock Of Note This deal is the biggest leveraged buyout of the year so far The buyout represents a rare so‐called club deal, involving more than one major private investment firm. Such deals were popular during the private equity boom before the financial crisis The deal also is another big move for the Canadian pension fund, which has emerged as one of the most active private investors in recent years, with investments in Neiman Marcus, Univision and other big companies The Informatica board has approved the deal and is recommending shareholders vote for it. The deal is expected to close later this year [email protected] www.pillarsofwallstreet.com .