M&A Deal Summary

Vista Equity Partners Acquires Jaggaer

On August 13, 2024, private equity firm Vista Equity Partners acquired software company Jaggaer from Cinven

Acquisition Highlights
  • This is Vista Equity Partners’ 59th transaction in the Software sector.
  • This is Vista Equity Partners’ 134th transaction in the United States.
  • This is Vista Equity Partners’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2024-08-13
Target Jaggaer
Sector Software
Buyer(s) Vista Equity Partners
Sellers(s) Cinven
Deal Type Secondary Buyout

Target

Jaggaer

Durham, North Carolina, United States
Jaggaer is a provider of procurement software for large and medium-sized enterprises. Jaggaer provides cloud-based Source-to-Pay eProcurement solutions for spend management, which enables a fluid supply chain for its customers, driven by powerful spend analytics, vendor sourcing, contract lifecycle management, savings tracking, and efficient accounts payable systems on a single platform. Jaggaer was founded in 1995 and is based in Durham, North Carolina.

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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 146 of 149
Sector (Software) 59 of 59
Type (Secondary Buyout) 35 of 35
State (North Carolina) 3 of 3
Country (United States) 134 of 137
Year (2024) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Nasuni

Boston, Massachusetts, United States

Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 Redwood Software

Frisco, Texas, United States

Redwood Software is a full-stack automation fabric solution provider for mission-critical business processes. Redwood Software is based in Frisco, Texas.

Buy -

Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.

DEAL STATS #
Overall 126 of 126
Sector (Software) 4 of 4
Type (Secondary Buyout) 30 of 30
State (North Carolina) 2 of 2
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-28 idealista

Madrid, Spain

idealista is an online real estate marketplace that supports approximately 40,000 real estate agents and 38 million unique monthly visitors across Southern Europe, by providing an online real estate classifieds marketplace for home buyers and sellers. idealista was formed in 2000 and is based in Madrid, Spain.

Buy €2.9B
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