Permira V, fund managed by Permira Advisers Ltd., and Canada Pension Plan Investment Board won a bid to acquire Informatica Corporation (NasdaqGS:INFA) for $5.2 billion in cash on April 6, 2015. Under the terms of the agreement, Permira Advisers Ltd. and Canada Pension Plan Investment Board offered to pay $48.75 per share for the common stock, $48.75 for each common stock underlying restricted stock units and $11.82 for options (the difference between $48.75 and the weighted average exercise price of $36.93 per share).

The transaction has been approved by Board of Directors of Informatica Corporation. The transaction is subject to receipt of shareholder approval and customary regulatory approvals, as well as satisfaction of other customary closing conditions. The transaction is subject to approval by HSR Act, and Committee on Foreign Investment in the United States. Early Termination Notice was granted by FTC on May 6, 2015. As of June 23, 2015, the European Commission approved the transaction. On June 23, 2015, at a special shareholders' meeting, the deal was approved by shareholders of Informatica Corporation. The transaction is expected to be completed in either the second or third quarter of 2015.

BofA Merrill Lynch, Credit Suisse, Goldman Sachs, Macquarie Capital, Morgan Stanley, Nomura, and RBC Capital Markets are serving as joint bookrunners on the financing. Permira Advisers Ltd. and Canada Pension Plan Investment will be required to pay a termination fee of $320 million and Informatica Corporation will pay $160 million as termination fee. Qatalyst Partners acted as financial advisor and Mike Ringler of Wilson Sonsini Goodrich & Rosati acted as legal advisor to to Informatica. BofA Merrill Lynch, Goldman Sachs & Co, Macquarie Capital, and Union Square Advisors LLC acted as financial advisors and Robert C. Schwenkel, Brian T. Mangino, Andrew B. Barkan, William J. Breslin, Mario Mancuso, Robert M. McLaughlin, J. Christian Nahr and Juergen van Kann, Jerald S. Howe Jr., Henry C. Lebowitz, litigation partner David B. Hennes; tax partner Alan S. Kaden, Steven M. Witzel; Michael T. Gershberg, Christine Strumpen-Darrie; and Nathaniel L. Asker of Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Permira funds and CPPIB. Brooke Gordon, Nathaniel Garnick and Megan Bouchier of Sard Verbinnen & Co acted as public relations advisors for the transaction. Steve Camahort of Shearman & Sterling LLP acted as the legal advisor for Qatalyst Partners LP. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to Informatica Corporation. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as the legal advisor for Elliott Management. Alex Nourry, Cansu Aras, Chandralekha Ghosh, Sardaana Nogovitsyna, Ani Tangyan and Elizabeth Sinclair of Clifford Chance LLP acted as legal advisor for Permira Advisers Ltd. and Canada Pension Plan Investment Board.

Permira V, fund managed by Permira Advisers Ltd., and Canada Pension Plan Investment Board completed the acquisition of Informatica Corporation (NasdaqGS:INFA) on August 6, 2015. Additionally, Microsoft Corporation and Salesforce Ventures have agreed to become strategic investors in Informatica Corporation alongside the Permira and Canada Pension Plan Investment Board. Informatica's stock will cease trading on the NASDAQ under the ticker symbol INFA effective August 6, 2015.

Sohaib Abbasi, Chairman and former Chief Executive Officer, will continue to serve as Chairman of Informatica. Anil Chakravarthy, Chief Product Officer, will now serve as the acting Chief Executive Officer of Informatica while Bruce Chizen, former Chief Executive Officer of Adobe, has joined Informatica as a board member and as a special advisor to Informatica.