Database vendor Actian and Pervasive have entered into a definitive merger agreement, pursuant to which Actian will acquire all of Pervasive’s outstanding shares for $9.20 per share. The deal values Pervasive at $161.9 million.

Actian’s exclusive financial advisor was Evercore Partners and its legal counsel was Gibson, Dunn & Crutcher. Financing for this transaction will be provided by TPG Lending Company.

Upload: 04-25-12