Investment Summary

Vista Equity Partners Exits Applied Systems

On August 14, 2006, invested in internet software and services company Applied Systems from Vista Equity Partners for 675M USD

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in Illinois.
Investment Fate
  • Applied Systems was sold to a consortium of financial buyers in 2006 for 675M USD.
  • Applied Systems was sold to a consortium of financial buyers in 2014 for 1.8B USD.

Investment Summary

Date 2006-08-14
Target Applied Systems
Sector Internet Software and Services
Sellers(s) Vista Equity Partners
Deal Type Secondary Sale
Deal Value 675M USD

Target

Applied Systems

Chicago, Illinois, United States
Applied Systems is a provider of cloud-based software to the P&C and benefits insurance industries. The company provides agency and brokerage management systems to customers throughout North America and Europe. Applied Systems was founded in 1983 and is based in Chicago, Illinois.

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Seller(S) 1

SELLER

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 5 of 72
Sector: Internet Software and Services M&A 1 of 21
Type: Secondary Sale M&A Deals 1 of 1
State: Illinois M&A 1 of 4
Country: United States M&A 5 of 68
Year: 2006 M&A 2 of 3
Size (of disclosed) 12 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Orizonia

Palma De Mallorca, Spain

Orizonia Corp. is the leading vertically integrated tour operator in Spain.

Buy €900M
FOLLOWING 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