Synopsys to sell Software Integrity business to Clearlake/Francisco Partners for up to $2.1B

SYNOPSYS INC

Total consideration up to $2.1B: $1.5B at closing; $125M deferred over 5 quarters; up to $475M earnout tied to liquidity event rate of return.
Transaction expected to close in H2 2024, subject to regulatory approvals and customary conditions.
Business to become independent private company; existing management team to lead post-close.
Synopsys says divestiture sharpens focus on core design automation, design IP, and silicon-to-systems strategy.
Deal unanimously approved by Synopsys Board of Directors.

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