M&A Deal Summary

Vista Equity Partners Acquires Pluralsight

On December 13, 2020, private equity firm Vista Equity Partners acquired internet software and services company Pluralsight for 3.5B USD

Acquisition Highlights
  • This is Vista Equity Partners’ 38th transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 9th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 110th transaction in the United States.
  • This is Vista Equity Partners’ 2nd transaction in Utah.

M&A Deal Summary

Date 2020-12-13
Target Pluralsight
Sector Internet Software and Services
Buyer(s) Vista Equity Partners
Deal Type Going Private
Deal Value 3.5B USD
Advisor(s) Qatalyst Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Pluralsight

Draper, Utah, United States
Pluralsight is a provider of technical skill development solutions. The Company's cloud-based technology learning platform provides a broad range of tools, including skill assessments, a curated library of courses, learning paths, and business analytics. Pluralsight was formed in 2004 and is based in Draper, Utah.

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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 121 of 149
Sector (Internet Software and Services) 38 of 50
Type (Going Private) 17 of 25
State (Utah) 2 of 2
Country (United States) 110 of 137
Year (2020) 8 of 8
Size (of disclosed) 9 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Upserve

Providence, Rhode Island, United States

Upserve, Inc. is a provider of smart management system for restaurant owners to track key facets of their business in real-time. Upserve is the magic ingredient that helps restaurateurs thrive, putting everything they need in one place. Upserve was founded in 2009 and is headquartered in Providence with additional offices in San Francisco and New York City.

Sell $430M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 FlashParking

Austin, Texas, United States

FlashParking is the cloud-native parking technology platform and provides industry-leading digital and physical infrastructure. This platform creates seamless customer experiences and increases ROI while also connecting thousands of operators and asset owners with a real-time marketplace for digital mobility. FlashParking was founded in 2011 and is based in Austin, Texas.

Buy -