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.

“We’re thrilled to partner with the company to continue delivering innovative, world-class solutions that meet the needs of everyone from the individual to the enterprise.”

Under the terms of the merger agreement, Momentive shareholders will receive $9.46 per share. As a result of the completion of this transaction, Momentive common stock will cease trading and will no longer be listed on the Nasdaq Stock Market. Momentive will operate as a privately held company and remain headquartered in San Mateo, California.

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“We are excited to begin the journey. The iconic SurveyMonkey platform is a market-leading brand full of capability and innovation potential,” said J.T. Treadwell, Managing Director at STG. “We’re thrilled to partner with the company to continue delivering innovative, world-class solutions that meet the needs of everyone from the individual to the enterprise.”

Advisors

Qatalyst Partners served as financial advisor to Momentive in connection with the transaction. Wilson Sonsini Goodrich & Rosati, P.C. served as legal counsel to Momentive.

J.P. Morgan Securities LLC and BofA Securities served as financial advisors to STG. Paul Hastings LLP served as legal counsel to STG. Silver Point acted as Sole Lead Arranger and provided committed debt financing in support of the acquisition.

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