Reported about 2 months ago
Investment firms TA Associates and Silversmith Capital Partners are exploring the sale of a stake in Appfire, a collaboration software maker, which could value the company at over $2 billion. They have engaged bankers from JPMorgan Chase and Lazard to facilitate the potential sale of up to a 60% stake. Appfire is reportedly seeking a valuation of more than 20 times its approximately $100 million earnings before interest, taxes, depreciation, and amortization, with expected revenues nearing $300 million in 2024.
Source: YAHOO