M&A Deal Summary

Vista Equity Partners Acquires KnowBe4

On October 12, 2022, private equity firm Vista Equity Partners acquired information technology company KnowBe4 for 4.6B USD

Acquisition Highlights
  • This is Vista Equity Partners’ 20th transaction in the Information Technology sector.
  • This is Vista Equity Partners’ 6th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 123rd transaction in the United States.
  • This is Vista Equity Partners’ 9th transaction in Florida.

M&A Deal Summary
Date 2022-10-12
Target KnowBe4
Sector Information Technology
Buyer(s) Vista Equity Partners
Deal Type Going Private
Deal Value 4.6B USD
Advisor(s) Wilson Sonsini Goodrich & Rosati
Potter Anderson & Corroon (Legal)

Target

KnowBe4

Clearwater, Florida, United States
KnowBe4 is a provider of security awareness platform that helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. KnowBe4 was founded in 2010 and is based in Clearwater, Florida.

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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 134 of 149
Sector (Information Technology) 20 of 22
Type (Going Private) 20 of 25
State (Florida) 9 of 9
Country (United States) 123 of 137
Year (2022) 7 of 7
Size (of disclosed) 6 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Agdata

Charlotte, North Carolina, United States

Agdata is a provider of strategic data and analytical solutions to the world’s largest agricultural, crop protection, and animal health manufacturers. Agdata's solutions allow the input manufacturers and trait providers to analyze complex sales data and trends and develop and maintain marketing and seed rebate programs. Agdata was founded in 1985 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Duck Creek

Boston, Massachusetts, United States

Duck Creek is a provider of comprehensive P&C insurance software and services delivered on-premise or via Duck Creek On-Demand, a Software as a Service model. The company delivers configurable software that is designed to work independently or as a combined approach to quickly and seamlessly handle the unique needs of insurers of all sizes. Its technology solutions enable clients to optimize outcomes through streamlined operations, shared data, and consistent functionality. Duck Creek was incorporated in 1883 and is headquartered in Boston, Massachusetts.

Buy $2.6B
Mergr

Product

Company

Legal