Via www.letterofintent.com.au - Letter of Intent is daily email for Aussie dealmakers that is read by 6,000 deal professionals each day. Click here to sign up.
The Instaclustr acquisition by NetApp has officially closed, meaning the ASX-listed tech investor, Bailador, has just added $118m of cash to its kitty.
Backstory: Instaclustr, a cloud data platform, was acquired by US-listed NetApp for $500m+ (although we think it was closer to $1bn).
Why it's the BFD: While Instaclustr sounds like something you might mutter to yourself as you watch the markets open and see your tech stocks fall each morning — for Bailador, it's representative of quite the opposite.
Click here to read the full newsletter.