Form 4: SolarWinds Corp. Acquired by Starlight Parent, LLC in Merger

Thoma Bravo Special Opportunities Fund II, L.P. reports the disposition of SolarWinds Corp shares following a merger with Starlight Parent, LLC.

Summary

• Thoma Bravo Special Opportunities Fund II, L.P. reported changes in beneficial ownership of SolarWinds Corp shares on April 16, 2025.
• The changes are a result of a merger between Starlight Merger Sub, Inc. and SolarWinds Corp, with SolarWinds surviving as a wholly-owned subsidiary of Starlight Parent, LLC.
• Each share of SolarWinds common stock held by the Reporting Persons was cancelled and converted into the right to receive $18.50 per share in cash.
• The Reporting Persons disposed of 50,090,648 shares of common stock at a price of $18.50 per share.
• The shares were held directly and indirectly through various Thoma Bravo funds.
• Thoma Bravo Partners XI, L.P. and Thoma Bravo Partners XII, L.P. are the general partners of the funds holding the shares.
• Thoma Bravo UGP, LLC is the ultimate managing member of the general partners.
• The Reporting Persons are jointly filing this Form 4.
• Other Thoma Bravo entities have filed a separate Form 4 due to limitations in the SEC's EDGAR system.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports a completed transaction (merger and acquisition). It's a factual filing with no inherent positive or negative implications for future performance.

Future Outlook

The document does not contain any specific forward-looking statements regarding the future outlook of Starlight Parent, LLC or SolarWinds Corp.

Industry Context

The acquisition of SolarWinds by Starlight Parent, LLC reflects ongoing consolidation trends in the technology sector, where private equity firms often acquire established companies to drive operational efficiencies and strategic growth.

Stakeholder Impact

• Shareholders of SolarWinds received $18.50 per share in cash as a result of the merger.
• SolarWinds became a wholly-owned subsidiary of Starlight Parent, LLC.

Key Dates

Keywords

SolarWinds, Thoma Bravo, Merger, Acquisition, Beneficial Ownership, Form 4, Starlight Parent, Shares, Disposition