Software giant Citrix hires Goldman to explore sales by Singer push
Produced by billionaire investor Paul Singer, Citrix Systems has employed Goldman Sachs to explore a possible sale of the company, The Post has learned.
Cloud computing firm is looking to sell itself for the second time in two years, this time looking for a buyer who is willing to pay more than $ 15 billion to the business, said two sources close to the situation.
Currently, Goldman is reaching out to logical suitors as private equity firm Vista Equity Partners to measure their interest, a source said.
"They see if there is enough interest in starting an auction."
Singer & # 39; s activist company Elliott Management has had a Citrix board seat since 201[ads1]5. As of December 31, Elliott held a 4.6 percent Citrix stake.
Elliott's head of US activism, Jesse Cohn, has been seated since July 2015.
In the spring of 2017, Citrix had searched for buyers and came up empty. Since then, the cloud services company has increased in value from around $ 80 per share to Tuesday's closing price of $ 100.13, giving a valuation of around $ 13 billion.
The company has reportedly been cutting staff and management positions.
Citrix did not return calls.