Turn/River Agrees to Buy SolarWinds Years After Cyber-Attack

Turn/River Capital agreed to buy SolarWinds Corp. in a deal worth $4.4 billion, including debt, more than four years after the software provider was at the center of a Russian cyber-attack.

The private equity firm is paying $18.50 per share in cash for Austin-based SolarWinds, according to a statement Friday. That represents a 35% premium to its volume-weighted average closing price for the 90 trading days ending Feb. 6, the statement said.