M&A Deal Summary

Vista Equity Partners Acquires SourceNet Solutions

On January 1, 2000, private equity firm Vista Equity Partners acquired business services company SourceNet Solutions

Acquisition Highlights
  • This is Vista Equity Partners’ 1st transaction in the Business Services sector.
  • This is Vista Equity Partners’ 1st transaction in the United States.
  • This is Vista Equity Partners’ 1st transaction in Texas.
Investment Fate
  • SourceNet Solutions was sold to a strategic buyer in 2004.
  • SourceNet Solutions was sold to a strategic buyer in 2004.

M&A Deal Summary
Date 2000-01-01
Target SourceNet Solutions
Sector Business Services
Buyer(s) Vista Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

SourceNet Solutions

College Station, Texas, United States
SourceNet Solutions, Inc. specializing in accounts payable (AP) outsourcing.

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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 1 of 149
Sector (Business Services) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 1 of 28
State (Texas) 1 of 23
Country (United States) 1 of 137
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 SRC Software

Portland, Oregon, United States

SRC Software, Inc. is a developer of financial-planning and performance-management software.

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