Consortium led by Symphony Technology Group Completes Acquisition of Momentive Global
Summary
SAN MATEO, Calif.--(BUSINESS WIRE)--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. Silver Point acted as Sole Lead Arranger and provided committed debt financing in support of the acquisition. Momentive (NASDAQ: MNTV), maker of SurveyMonkey, empowers people with the insights they need to make business decisions with speed and confidence. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market winning portfolio companies, STG creates sustainable foundations for growth that bring value to existing and future stakeholders.