Back in 2010 there was a round of widespread speculation that Oracle was about to snap up Informatica, but — like so many such rumors — it never came to pass. Now, Informatica is getting purchased by someone else.

On Tuesday the data-integration giant announced that it has accepted a $5.3 billion offer to be acquired by European private-equity firm Permira and the Canada Pension Plan Investment Board. Informatica shareholders will receive $48.75 in cash for each share of Informatica common stock.

The deal is said to be the largest leveraged buyout so far in the U.S. this year.

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