Digital River’s $840 million acquisition to be partly debt-financed

By Angela McDaniels

Tacoma, Wash., Oct. 23 – Digital River, Inc. has agreed to be acquired in an $840 million transaction that will be financed with a combination of debt and equity, according to a company news release.

The debt financing will be provided by Macquarie Capital and Sankaty Advisors.

The company agreed to be acquired by an investor group led by private equity firm Siris Capital Group, LLC for $26 per share, a 50% premium over its closing share price on Thursday.

The transaction is expected to close in the first quarter of 2015.

Morgan Stanley & Co. LLC is acting as financial adviser to Digital River, a Minneapolis-based provider of commerce-as-a-service solutions.

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