Consortium led by Symphony Technology Group Completes Acquisition of Momentive Global
Momentive , the maker of SurveyMonkey, today announced the completion of its acquisition by an investor consortium led by Symphony Technology Group (STG) in an all-cash transaction valued at approximately $1.5 billion.
- Momentive , the maker of SurveyMonkey, today announced the completion of its acquisition by an investor consortium led by Symphony Technology Group (STG) in an all-cash transaction valued at approximately $1.5 billion.
- The acquisition was previously announced on March 13, 2023, and approved by Momentive shareholders at the Special Meeting of Shareholders on May 31, 2023.
- Under the terms of the merger agreement, Momentive shareholders will receive $9.46 per share.
- Silver Point acted as Sole Lead Arranger and provided committed debt financing in support of the acquisition.