Data integration software group Informatica Corporation announced on Tuesday that it will be taken private by Permira Funds and Canada Pension Plan Investment Board for $5.3 billion. Shareholders of Informatica will receive $48.75 per share, representing a 6.37 percent premium on Monday’s closing price. Informatica is a leader in technology categories including cloud integration for big data and MDM solutions. The deal is similar to that of its competitor, Tibco Software, which was taken private by Vista Equity for $4.2 billion last year. Informatica had been tagged by The Deal’s Chris Nolter as a possible activist target before it was targeted by Eliot Management Corp. took an 8 percent stake in the company and began management talks.
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