M&A Deal Summary

Vista Equity Partners Acquires TRG Screen

On October 3, 2023, private equity firm Vista Equity Partners acquired software company TRG Screen from Pamlico Capital

Acquisition Highlights
  • This is Vista Equity Partners’ 57th transaction in the Software sector.
  • This is Vista Equity Partners’ 129th transaction in the United States.
  • This is Vista Equity Partners’ 12th transaction in New York.

M&A Deal Summary
Date 2023-10-03
Target TRG Screen
Sector Software
Buyer(s) Vista Equity Partners
Sellers(s) Pamlico Capital
Deal Type Secondary Buyout
Advisor(s) William Blair
Truist Securities (Financial)
Alston & Bird (Legal)

Target

TRG Screen

New York, New York, United States
TRG Screen is a provider of software used to monitor and manage subscription spend and usage across the entire enterprise. TRG Screen’s clients realize immediate ROI and significant long-term cost savings, transparency into their purchased subscriptions, improvements of their workflows and a higher degree of compliance with their vendor contracts. TRG Screen was founded in 1998 and is based in New York City.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 140 of 149
Sector (Software) 57 of 59
Type (Secondary Buyout) 32 of 35
State (New York) 12 of 12
Country (United States) 129 of 137
Year (2023) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Apptio

Bellevue, Washington, United States

Apptio is a business management system for hybrid IT. Apptio transforms the way IT runs its business and makes decisions. With its cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. Apptio was formed in 2007 and is headquartered in Bellevue, Washington.

Sell $4.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-23 EngageSmart

Braintree, Massachusetts, United States

EngageSmart delivers SaaS platforms that drive customer engagement, operational efficiency, and convenient billing and digital payments across multiple vertical end markets. EngageSmart was founded in 2018 and is based in Braintree, Massachusetts.

Buy $4.0B

Seller(S) 1

SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 59 of 61
Sector (Software) 5 of 7
Type (Secondary Buyout) 21 of 21
State (New York) 6 of 7
Country (United States) 57 of 59
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-18 Winsight

Chicago, Illinois, United States

Winsight is a provider of actionable information, market intelligence, professional events, and media to the global restaurant, noncommercial foodservice, and convenience retail industries. The Company offers a multi-channel portfolio of brands across research, data and analytics, events, magazines, web sites, e-newsletters, and content marketing solutions. Winsight is based in Chicago, Illinois.

Sell $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Silverline

New York, New York, United States

Silverline is a pure-play Salesforce services partners, focused exclusively on helping clients deploy and manage Salesforce’s portfolio of products. With a focus on the financial services and healthcare verticals, Silverline has deep industry expertise and proprietary IP to provide differentiated and transformational solutions to its clients. Silverline was founded in 2009 and is based in New York City.

Sell -
Mergr

Product

Company

Legal