M&A Deal Summary

Vista Equity Partners Acquires Acumatica

On May 29, 2025, private equity firm Vista Equity Partners acquired internet software and services company Acumatica from EQT

Acquisition Highlights
  • This is Vista Equity Partners’ 50th transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 139th transaction in the United States.
  • This is Vista Equity Partners’ 4th transaction in Washington.

M&A Deal Summary

Date 2025-05-29
Target Acumatica
Sector Internet Software and Services
Buyer(s) Vista Equity Partners
Sellers(s) EQT
Deal Type Secondary Buyout
Advisor(s) Moelis & Co. (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Acumatica

Bellevue, Washington, United States
Acumatica is a provider of cloud-based business management software that enables small and mid-size companies to accelerate their businesses. Built on cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications such as Financials, Project Accounting, Commerce, Manufacturing, Field Service and CRM, on a robust and flexible platform. Acumatica was founded in 2007 and is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

Vista Equity Partners

Austin, Texas, United States

Investor 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 150 of 153
Sector: Internet Software and Services M&A 50 of 51
Type: Secondary Buyout M&A Deals 37 of 39
State: Washington M&A 4 of 4
Country: United States M&A 139 of 141
Year: 2025 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 Khoros

Austin, Texas, United States

Khoros provides a centralized, cloud-based platform for social media management and online community solutions, enabling brands to monitor and scale social marketing and social customer service. The Company’s solutions enable its clients to engage with their customers more efficiently and effectively across social networks, websites, and mobile devices. Khoros was formed in 2001 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-16 Amtech

Fort Washington, Pennsylvania, United States

Amtech is a provider of software solutions for the corrugated and folding carton manufacturing industries. Amtech’s fully integrated product suite of modules, multilingual, and enterprise solutions provide a compelling value proposition to the full spectrum of manufacturers. Amtech was founded in 1981 and is based in Fort Washington, Pennsylvania.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 192 of 194
Sector: Internet Software and Services M&A 6 of 6
Type: Secondary Buyout M&A Deals 60 of 61
State: Washington M&A 3 of 3
Country: United States M&A 28 of 28
Year: 2025 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-22 Seven Seas Water

Tampa, Florida, United States

Seven Seas Water offers Water-as-a-Service(WaaS) solutions by providing outsourced water treatment and wastewater treatment and reuse solutions for governmental, municipal, industrial, property developer and hospitality customers. Seven Seas Water was founded in 1996 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-24 Recover

Oslo, Norway

Recover offers services including cleanup and reconstruction after fire, water, and environmental damage. The company serves clients within the property, shipbuilding industry, offshore and municipal and public sectors. Recover is based in Oslo, Norway.

Sell -