We have mixed feelings today as SolarWinds announced it was being acquired by Silver Lake and Thoma Bravo in a transaction valued at $60.10 per share. As we write about in this article, we purchased the stock in July at roughly $35.50/share. While pleased with a quick 65% gain we are disappointed we won't be along for the long term success of the company. But at a 45% premium to our fair value we are all too happy to let our shares go.
Mr. Macpherson is the Chief Investment Officer and Managing Director of Nintai Investments LLC.