Bain Capital Hellman Friedman in Talks to Acquire DocuSign

Bain Capital Hellman Friedman is reportedly in talks to acquire DocuSign, a leading provider of electronic signature solutions.

The potential acquisition is a significant development in the document management space, where electronic signatures have become increasingly popular.

Bain Capital Hellman Friedman has a proven track record of investing in and growing successful companies, with a portfolio that includes major brands like Staples and Dunkin' Donuts.

This acquisition would mark a major expansion of Bain Capital Hellman Friedman's presence in the digital document management market.

Bain Capital and Hellman & Friedman are vying to acquire DocuSign, a leading online electronic signature service provider valued at around $12.5 billion.

The two private equity firms are among the bidders in the auction process, with a potential deal expected to be one of the largest leveraged buyouts of 2024.

Blackstone Inc, another contender, was in talks for a potential deal with DocuSign but is no longer participating in the competition.

Auction participants are expected to make a decision in the coming weeks.

DocuSign's stock price rose 9.3% on Thursday, closing at $61.35 after the news emerged.

The company went public in 2018 with an evaluation of $6 billion, offering clients the ability to sign documents online using any electronic device.

DocuSign's recent quarterly earnings report showed a profit of 79 cents per share, exceeding last year's 57 cents. Revenue increased by 8.5% to $700.4 million compared to the previous year.

Some large deals are still being completed despite the increased costs of financing over the past two years, as financing conditions are gradually improving.

DocuSign, a leading provider of online electronic signature services, is being sought after by two private equity firms, Bain Capital and Hellman & Friedman. The two companies are reportedly competing to acquire DocuSign, which has a market valuation of around $12.5 billion.

The acquisition is expected to be one of the largest leveraged buyouts of 2024. Despite the companies not yet combining their efforts, there's a possibility they might partner up for the deal. Blackstone Inc, another contender, was initially in talks with DocuSign but is no longer participating in the competition.

DocuSign's stock price surged 9.3% to $61.35 after the news broke. The company went public in 2018 with a valuation of $6 billion and has since seen significant growth.

Here are some key financial highlights from DocuSign's recent quarterly report:

These numbers demonstrate DocuSign's strong financial performance, which has likely made it an attractive target for potential acquirers.