M&A Deal Summary

Vista Equity Partners Acquires The Reynolds and Reynolds Co.

On October 1, 2006, private equity firm Vista Equity Partners acquired software company The Reynolds and Reynolds Co.

Acquisition Highlights
  • This is Vista Equity Partners’ 2nd transaction in the Software sector.
  • This is Vista Equity Partners’ 9th transaction in the United States.
  • This is Vista Equity Partners’ 1st transaction in Ohio.

M&A Deal Summary

Date 2006-10-01
Target The Reynolds and Reynolds Co.
Sector Software
Buyer(s) Vista Equity Partners
Deal Type Going Private

Target

The Reynolds and Reynolds Co.

Kettering, Ohio, United States
The Reynolds and Reynolds Company delivers software solutions and services that support every aspect of automotive retailing. Serving dealers since 1927, it is a leading provider of dealer management systems and associated products and services. Reynolds & Reynolds enables automobile dealers to sell more cars and to improve customer service.

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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 12 of 153
Sector: Software M&A 2 of 61
Type: Going Private M&A Deals 1 of 25
State: Ohio M&A 1 of 4
Country: United States M&A 9 of 141
Year: 2006 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-22 Grupo Itevelesa

Madrid, Spain

Grupo Itevelesa is an independent company of technical inspection of vehicles. operates 72 fixed locations and 20 mobile units across 11 autonomous communities; it also provides industrial safety, metrology, and environmental inspection services. Grupo Itevelesa was founded in 1982 and is based in Madrid, Spain.

Sell €500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-27 SirsiDynix

Lehi, Utah, United States

SirsiDynix is a provider of integrated library systems (ILS) software, which is specialized enterprise resource planning software for libraries used to automate and optimize the entire operation of a library as well as enhance a library’s ability to serve its users and community. SirsiDynix was founded in 1979 and is based in Lehi, Utah.

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