Appian to be Acquired by Francisco Partners for $1.5B
Ticker: APPN · Form: 8-K · Filed: May 28, 2025 · CIK: 1441683
| Field | Detail |
|---|---|
| Company | Appian Corp (APPN) |
| Form Type | 8-K |
| Filed Date | May 28, 2025 |
| Risk Level | medium |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, private-equity, going-private
Related Tickers: APPN
TL;DR
Appian going private! Francisco Partners buying for $24/share cash, $1.5B total. Deal closes H2 2025.
AI Summary
Appian Corporation announced on May 27, 2025, that it has entered into a definitive agreement to be acquired by an affiliate of Francisco Partners for $24.00 per share in cash. This transaction is valued at approximately $1.5 billion, including the assumption of debt. The acquisition is expected to close in the second half of 2025, subject to customary closing conditions.
Why It Matters
This acquisition by Francisco Partners at a significant premium indicates strong investor confidence in Appian's technology and market position, potentially leading to accelerated growth under new ownership.
Risk Assessment
Risk Level: medium — The deal is subject to customary closing conditions and regulatory approvals, which could delay or prevent its completion.
Key Numbers
- $24.00 — Acquisition Price Per Share (Cash consideration offered to Appian shareholders.)
- $1.5 billion — Total Transaction Value (Includes cash and assumed debt, representing the full value of the deal.)
Key Players & Entities
- Appian Corporation (company) — Company being acquired
- Francisco Partners (company) — Acquiring entity
- $24.00 (dollar_amount) — Per share acquisition price
- $1.5 billion (dollar_amount) — Total transaction value
- May 27, 2025 (date) — Date of definitive agreement
- second half of 2025 (date) — Expected closing period
FAQ
What is the total value of the acquisition, including debt?
The transaction is valued at approximately $1.5 billion, including the assumption of debt.
Who is acquiring Appian Corporation?
Appian Corporation is being acquired by an affiliate of Francisco Partners.
What is the per-share price for the acquisition?
The acquisition price is $24.00 per share in cash.
When is the acquisition expected to close?
The transaction is expected to close in the second half of 2025.
What is the filing date of this 8-K report?
The filing date of this 8-K report is May 28, 2025, reporting an event on May 27, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on May 28, 2025 regarding APPIAN CORP (APPN).