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After Putting Itself on the Block, Citrix Attracts Some Bids

At least three buyout firms are in the running to buy Citrix Systems Inc., according to a report.

"Private equity firms Bain Capital, Carlyle Group LP and Thoma Bravo are among bidders for cloud-services company Citrix Systems Inc., people familiar with the matter said," reported Bloomberg Technology this week.

News emerged in March that Citrix had retained Goldman Sachs Group to see potential buyers, and rumors have since circulated about who might be interested in the company, which specializes in virtualization technologies that factor in many cloud and datacenter infrastructures. Citrix is one of the most common strategic vendors for many Microsoft partners, and Microsoft is one of the names frequently circulated as a potential strategic suitor.

The sources who spoke to Bloomberg Technology also said at least one corporate bidder was interested, but they didn't say what company or companies were sniffing around.

The sources also said Citrix may not pursue a sale.

Posted by Scott Bekker on May 04, 2017 at 10:37 AM