Bain Capital and Hellman & Friedman, two major private equity firms, are currently vying to acquire DocuSign Inc., the leading provider of online signature services. With a market value of approximately $12 billion, the acquisition of DocuSign is expected to be one of the largest leveraged buyouts of the year.
In an effort to secure the deal, it is possible that Bain Capital and Hellman & Friedman may consider partnering with each other. Although Blackstone Inc., another prominent buyout firm, was also in talks with DocuSign, it is no longer in contention for the acquisition.
Representatives for both Bain Capital and Hellman & Friedman declined to comment on the ongoing negotiations, while DocuSign and Blackstone did not immediately respond to requests for comment.
DocuSign, which went public in 2018 at a valuation of $6 billion, offers innovative technology that allows users to sign documents electronically from any device. The company boasts an impressive client base including renowned corporations such as T-Mobile, United Airlines, and Thermo Fisher.
Demonstrating its robust performance, last month DocuSign reported higher quarterly adjusted earnings and an impressive 8.5% increase in revenue compared to the previous year. These positive financial results have undoubtedly furthered the interest of potential acquirers.
Despite the challenges posed by rising financing costs, the improving financing outlook has contributed to the occurrence of large transactions such as this leveraged buyout. This showcases the resilience and attractiveness of high-value acquisitions even in challenging market conditions.
As the competition between Bain Capital and Hellman & Friedman intensifies, the acquisition of DocuSign is sure to make headlines. The outcome of this high-stakes bidding war will determine not only the future of DocuSign but also its potential to further revolutionize the digital signature industry.
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