M&A Deal Summary

Vista Equity Partners Acquires Solera

On September 14, 2015, private equity firm Vista Equity Partners acquired software company Solera for 6.5B USD

Acquisition Highlights
  • This is Vista Equity Partners’ 25th transaction in the Software sector.
  • This is Vista Equity Partners’ 4th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 52nd transaction in the United States.
  • This is Vista Equity Partners’ 13th transaction in Texas.

M&A Deal Summary
Date 2015-09-14
Target Solera
Sector Software
Buyer(s) Vista Equity Partners
Deal Type Going Private
Deal Value 6.5B USD
Advisor(s) Rothschild Global Advisory (Financial)
Kirkland & Ellis (Legal)

Target

Solera

Westlake, Texas, United States
Solera is a provider of risk and asset management data and software as a service solution for the automotive and insurance industries. Solera is active in over 90 countries across six continents, and has over 235,000 customers and partners, including many of the largest U.S. and European P&C insurance companies and most of the world’s largest vehicle OEMs, as well as many national governments, financial institutions, vehicle dealerships, vehicle repair shops, salvage yards, and vehicle buyers and sellers. Solera was formed in 1966 and is based in Westlake, Texas.

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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 58 of 149
Sector (Software) 25 of 59
Type (Going Private) 10 of 25
State (Texas) 13 of 23
Country (United States) 52 of 137
Year (2015) 9 of 10
Size (of disclosed) 4 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Main Street Hub

Austin, Texas, United States

Main Street Hub, Inc.is a full‐service marketing platform that integrates social media, customer reviews,mobile and email marketing to help local businesses get more customers and keep them coming back while saving them valuable time. Main Street Hub, Inc. was established in 2010 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Mitratech

Austin, Texas, United States

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Austin, Texas.

Sell -
Mergr

Product

Company

Legal