From Quiver Quantitative:

In breaking news, private equity firms Bain Capital and Hellman & Friedman are in a heated battle to acquire DocuSign Inc., a leading online signature provider worth approximately $12.5 billion. At the same time, Blackstone has reportedly pulled out of the running. DocuSign’s performance continues to impress, with an 8.5% revenue increase and quarterly adjusted earnings at 79 cents per share. The acquisition represents a substantial transition for DocuSign and reflects private equity’s growing interest in high-value technology investments.
The potential acquisition of DocuSign by either Bain Capital or Hellman & Friedman is a significant move within the tech industry. The e-signature market continues to grow, with DocuSign positioned as a market leader. The eventual change in ownership will be a considerable test, but this acquisition reaffirms the confidence and ongoing interest in technology companies as attractive investment opportunities. Notably, the deal comes amid other high-value transactions within the technology and fintech sectors. These significant acquisitions signify a growing appetite for technology and digital service investments by private equity firms.



Read more: Bain, Hellman & Friedman in the Race to Acquire DocuSign