Vista Equity Partners (Vista), is to acquire Avalara, a provider of tax compliance automation for businesses of all sizes, for $93.50 per share in an all-cash transaction valued at $8.4 billion, inclusive of Avalara’s net debt.
The per share purchase price represents a premium of 27% over the Company’s closing share price as of 6 July, 2022, the last trading day prior to media reports regarding a potential transaction.
In partnering with Vista, which focuses exclusively on investments in enterprise software, data, and technology-enabled businesses, Avalara will look to build on its successful platform by refining its go-to-market strategy, expanding its international workforce, streamlining its systems architecture, and continuing to pursue value-accretive M&A opportunities.
Read more: Private Equity Wire
