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 Chief Investment Officer of Nintai Partners Investment Services and the Nintai Charitable Trust.