M&A Deal Summary

Vista Equity Partners Acquires EngageSmart

On October 23, 2023, private equity firm Vista Equity Partners acquired internet software and services company EngageSmart for 4.0B USD

Acquisition Highlights
  • This is Vista Equity Partners’ 46th transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 8th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 130th transaction in the United States.
  • This is Vista Equity Partners’ 16th transaction in Massachusetts.

M&A Deal Summary
Date 2023-10-23
Target EngageSmart
Sector Internet Software and Services
Buyer(s) Vista Equity Partners
Deal Type Going Private
Deal Value 4.0B USD
Advisor(s) Goldman Sachs (Financial)

Target

EngageSmart

Braintree, Massachusetts, United States
EngageSmart delivers SaaS platforms that drive customer engagement, operational efficiency, and convenient billing and digital payments across multiple vertical end markets. EngageSmart was founded in 2018 and is based in Braintree, Massachusetts.

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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 141 of 149
Sector (Internet Software and Services) 46 of 50
Type (Going Private) 23 of 25
State (Massachusetts) 16 of 17
Country (United States) 130 of 137
Year (2023) 7 of 8
Size (of disclosed) 8 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 TRG Screen

New York, New York, United States

TRG Screen is a provider of software used to monitor and manage subscription spend and usage across the entire enterprise. TRG Screen’s clients realize immediate ROI and significant long-term cost savings, transparency into their purchased subscriptions, improvements of their workflows and a higher degree of compliance with their vendor contracts. TRG Screen was founded in 1998 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Energy Exemplar

Adelaide, Australia

Energy Exemplar is a developer and marketer of the PLEXOS and Aurora suite of energy market simulation and modeling software. PLEXOS is used across every region of the world for a wide range of applications, from short-term analysis to long-term planning studies. Energy Exemplar was formed in 1999 and is based in Adelaide, Australia.

Buy -
Mergr

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