Investment Summary

Vista Equity Partners Invests In Portside

On May 30, 2024, private equity firm Vista Equity Partners invested in internet software and services company Portside

Investment Highlights
  • This is Vista Equity Partners’ 48th transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 132nd transaction in the United States.
  • This is Vista Equity Partners’ 2nd transaction in North Carolina.

Investment Summary
Date 2024-05-30
Target Portside
Sector Internet Software and Services
Investor(s) Vista Equity Partners
Deal Type Growth Capital
Advisor(s) Jefferies (Financial)
Lowenstein Sandler (Legal)

Target

Portside

Cary, North Carolina, United States
Portside is a provider of modern software solutions for the business aviation industry. Portside’s cloud-based operating system for business and government aviation is designed to support all aspects of flight operations, including scheduling and recordkeeping (Avianis, BART and PFM product lines), fleet and crew optimization (Portside Optimizer), safety and compliance (Baldwin), data sharing, reporting and analytics (Portside Owner Portal / Budget & Planning Dashboard), customer billing (ExpensePulse), crew recruiting (Staffing Marketplace), and crew and passenger travel accommodations (Portside Services). Portside is based in Cary, North Carolina.

Search 201,429 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

Investor(S) 1

Investor

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 144 of 149
Sector (Internet Software and Services) 48 of 50
Type (Growth Capital) 30 of 31
State (North Carolina) 2 of 3
Country (United States) 132 of 137
Year (2024) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Model N

Redwood Shores, California, United States

Model N is a provider of revenue management cloud solutions for life science, technology and manufacturing companies. Model N was founded in 1999 and is based in Redwood Shores, California.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Nasuni

Boston, Massachusetts, United States

Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts.

Buy -
Mergr

Product

Company

Legal