Form 4: Informatica 10% Owner Exits Stake in Salesforce Merger

EvomLux S.a r.l., a 10% owner and director of Informatica Inc., disposed of all its Class A Common Stock for $25.00 per share following the company's merger with a Salesforce subsidiary.

Summary

• EvomLux S.a r.l., a 10% owner and director of Informatica Inc. (INFA), reported the disposition of 59,980,164 shares of Class A Common Stock.
• The transaction occurred on November 18, 2025, as a result of Informatica's merger with Phoenix I Merger Sub, Inc., a wholly-owned subsidiary of Salesforce, Inc.
• Informatica Inc. survived the merger as a wholly-owned subsidiary of Salesforce.
• Each share of Informatica's Class A Common Stock held by EvomLux S.a r.l. was converted into the right to receive $25.00 in cash, without interest.
• Following the transaction, EvomLux S.a r.l. and its controlling entities (Permira V L.P.2, Permira V G.P. L.P., Permira V G.P. Limited) no longer beneficially own Informatica shares.

Sentiment

Score: 7

Explanation: The sentiment is positive for the reporting persons as they successfully monetized their investment at a pre-agreed price through a merger. For Informatica shareholders, it represents a successful exit at a fixed cash value. The transaction itself is a neutral event for the market as it was expected.

Positives

• Reporting persons received a cash payment of $25.00 per share for their Informatica stock, providing liquidity.
• The merger successfully closed as planned, fulfilling the terms of the Agreement and Plan of Merger.

Negatives

• Reporting persons no longer hold an equity stake in Informatica Inc., foregoing any potential future upside from the company's independent operations.

Future Outlook

The filing indicates the completion of the merger, resulting in Informatica Inc. becoming a wholly-owned subsidiary of Salesforce, Inc. This implies Informatica's future operations will be integrated within Salesforce's ecosystem, with its independent public trading ceasing.

Industry Context

This transaction signifies a consolidation in the enterprise software and data management sector, with a major cloud software provider like Salesforce acquiring a data integration and management specialist like Informatica. Such acquisitions are common as larger tech companies seek to expand their platform capabilities and market share, particularly in areas like data analytics and AI readiness, by integrating specialized solutions.

Comparison to Industry Standards

• The $25.00 per share cash consideration for Informatica shareholders should be evaluated against recent M&A transactions in the enterprise software space.
• Similar acquisitions of data management or integration companies by larger cloud players (e.g., Microsoft's acquisition of Nuance Communications, IBM's acquisition of Red Hat) often involve premiums over pre-announcement stock prices.
• The specific premium paid for Informatica would require comparing the $25.00 price to Informatica's stock price prior to the merger announcement on May 26, 2025, and assessing it against typical industry multiples (e.g., EV/Revenue, EV/EBITDA) for comparable companies like Talend, Qlik, or Alteryx at the time of the agreement.

Management Changes

Stakeholder Impact

• Shareholders (of Informatica): Received $25.00 per share in cash, providing liquidity and a defined return on investment.
• Employees (of Informatica): Will now be part of Salesforce, potentially leading to integration, restructuring, or new opportunities within a larger organization.
• Customers (of Informatica): Informatica's products and services will likely be integrated into Salesforce's offerings, potentially affecting future product roadmaps and support.
• Reporting Persons (EvomLux S.a r.l. and Permira entities): Successfully exited their investment in Informatica Inc. at the agreed-upon merger price.

Next Steps

• Informatica Inc. will operate as a wholly-owned subsidiary of Salesforce, Inc., implying integration into Salesforce's business operations and strategic alignment.

Key Dates

Keywords

Informatica, Salesforce, Merger, Acquisition, Form 4, Beneficial Ownership, EvomLux, Permira, INFA, Equity Sale, Cash Out