M&A Deal Summary

Vista Equity Partners and EQT Private Capital Asia Acquire Solera

On September 14, 2015, private equity firms Vista Equity Partners and EQT Private Capital Asia acquired software company Solera for 6.5B USD

Acquisition Highlights
  • This is Vista Equity Partners’ 25th and EQT Private Capital Asia’s 2nd transaction in the Software sector.
  • This is Vista Equity Partners’ 4th and EQT Private Capital Asia’s largest (disclosed) transaction.
  • This is Vista Equity Partners’ 53rd and EQT Private Capital Asia’s 4th transaction in the United States.
  • This is Vista Equity Partners’ 14th and EQT Private Capital Asia’s 1st transaction in Texas.

M&A Deal Summary

Date 2015-09-14
Target Solera
Sector Software
Buyer(s) Vista Equity Partners
EQT Private Capital Asia
Deal Type Going Private
Deal Value 6.5B USD
Advisor(s) Rothschild Global Advisory (Financial)
Kirkland & Ellis (Legal)

Target

Solera

Westlake, Texas, United States
Solera is a provider of risk and asset management data and software as a service solution for the automotive and insurance industries. Solera was formed in 1966 and is based in Westlake, Texas.

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Buyer(S) 2

Buyer

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 58 of 149
Sector (Software) 25 of 60
Type (Going Private) 10 of 25
State (Texas) 14 of 24
Country (United States) 53 of 138
Year (2015) 9 of 10
Size (of disclosed) 4 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Main Street Hub

Austin, Texas, United States

Main Street Hub, Inc.is a full‐service marketing platform that integrates social media, customer reviews,mobile and email marketing to help local businesses get more customers and keep them coming back while saving them valuable time. Main Street Hub, Inc. was established in 2010 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Mitratech

Austin, Texas, United States

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Austin, Texas.

Sell -
Buyer

EQT Private Capital Asia

Hong Kong, China


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 24 of 60
Sector (Software) 2 of 2
Type (Going Private) 2 of 7
State (Texas) 1 of 1
Country (United States) 4 of 11
Year (2015) 4 of 5
Size (of disclosed) 1 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 CMS Info Systems

Mumbai, India

CMS Info Systems provides IT & outsourced business services across India. The company offers a wide bouquet of services across the value chain, focusing on retail banks, insurance, telecom, retail, PSU and Government segments. CMS Info Systems was founded in 2008 and is based in Mumbai, India.

Buy $301M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 HCP Packaging

Shanghai, China

HCP Packaging is a designer and manufacturer of prestige primary packaging containers for the cosmetics, skincare and fragrance industries. HCP Packaging is based in Shanghai, China.

Buy $1.6B