KKR and CD&R are reportedly nearing a deal to take software firm Cloudera private

Private-equity firms KKR and Clayton Dubilier & Rice (CD&R) are nearing a deal to take Cloudera private at a valuation of $4.7 billion, Bloomberg News reported on Monday, citing a person familiar with the matter.

The private-equity giants are likely to finalize a deal on Tuesday to acquire the software firm at $16 a share, or about a 24% premium to its previous close, according to the report.

Cloudera — which has activist investor Carl Icahn as its largest shareholder — has explored a sale since mid-2020 after receiving takeover interest, the report said.

The Wall Street Journal had earlier reported about the deal talks.

KKR and Cloudera did not immediately respond to Reuters’ requests for comment.

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