Another recent instance of a business going private is Duck Creek, a Boston-based insurance software company.

Source: https://www.forbes.com/sites/qai/2023/01/13/going-private-vista-takes-duck-creek-in-an-all-cash-purchase/

DA Davidson downgraded Duck Creek Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $19.00 in a report on Wednesday, February 8th.

Source: https://www.etfdailynews.com/2023/03/13/engineers-gate-manager-lp-takes-position-in-duck-creek-technologies-inc-nasdaqdct/

Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion.

Source: https://www.insurancejournal.com/news/national/2023/01/09/702437.htm

The companies announced a deal where Vista Equity Partners would take Duck Creek private, paying a nearly 50% premium for the company’s shares.

Source: https://www.forbes.com/sites/qai/2023/01/13/going-private-vista-takes-duck-creek-in-an-all-cash-purchase/