Vista Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Vista Equity Partners has acquired 14 companies. It has also invested in 8 others.

Vista Equity Partners’ most common sectors for investment aresoftware (41%) and internet software and services (32%) . The Firm’s most common investment types include secondary buyout (24%) and growth capital (21%). In total, Vista Equity Partners has invested in 23 US states and 6 different countries. Its largest (disclosed) acquisition occurred in 2022 when it acquired Citrix Systems for $16.5B.

In the last 3 years, Vista Equity Partners has exited 24 companies. The Firm’s most common exit type is trade sale (50%). Vista Equity Partners’ largest (disclosed) exit occurred in 2020 when it sold Vertafore for $5.4B.

Join Mergr to view Vista Equity Partners’ full profile and discover more mega-sized private equity firm investors just like it.

M&A Summary

  • M&A Total Activity211
    • M&A Buy Activity141
    • M&A Sell Activity70
  • Total Sectors Invested 12
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 87
  • M&A Advisors 35

Vista Equity Partners

Vista Equity Partners Management, LLC

401 Congress Avenue, Suite 3100,
Austin, Texas 78701
United States
(512) 730-2400
www.vistaequitypartners.com
contact@vistaequitypartners.com

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.


Investment Criteria

Sectors of Interest: Business Services, Communications, Education, Healthcare Services, Information Services, Information Technology, Internet Software and Services, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, PIPE

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 20 700
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (5.8/yr) # 112 8 6 8 7 - 141
vol $31.8B $3.5B $29.5B $11.2B $76.0B
Sell (6.2/yr) # 39 7 15 5 3 1 70
vol $15.0B $6.5B $3.2B $4.6B $29.3B
  211

Most Recent M&A

Company Date Value Type
Drift.com, Inc. 2024-02-13 - Trade Sale
Cambridge, Massachusetts · www.drift.com
Energy Exemplar Pty Ltd. 2023-10-31 - Secondary Buyout
Adelaide, Australia · www.energyexemplar.com
EngageSmart LLC 2023-10-23 4.0B USD Going Private
Braintree, Massachusetts · www.engagesmart.com
TRGRP, Inc. 2023-10-03 - Secondary Buyout
New York, New York · www.trgscreen.com
Apptio, Inc. 2023-06-26 4.6B USD Trade Sale
Bellevue, Washington · www.apptio.com
Resilinc Corp. 2023-05-08 - Growth Capital
Milpitas, California · www.resilinc.com
Tripleseat Software LLC 2023-04-27 - Secondary Sale
Concord, Massachusetts · www.tripleseat.com
Benchmark Digital Partners LLC 2023-04-25 - Growth Capital
Mason, Ohio · www.benchmarkgensuite.com
Cvent, Inc. 2023-03-14 4.6B USD Going Private
Tysons, Virginia · www.cvent.com
Zapproved LLC 2023-01-19 - Trade Sale
Portland, Oregon · www.zapproved.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Aptean, Inc. 2012-08-07 Momentis 2024-02-14 46
Atlanta, Georgia · www.aptean.com Montreal, Quebec · www.momentis.com
Granicus, Inc. 2016-08-18 SmartGov 2024-02-01 10
Denver, Colorado · www.granicus.com Cary, North Carolina
Acquia, Inc. 2019-09-24 Monsido LLC 2023-11-14 3
Boston, Massachusetts · www.acquia.com Manhattan, Kansas · www.monsido.com
Avalara, Inc. 2022-08-08 Avalara - Sales & Use Tax Recovery Business Line 2023-09-14 1
Seattle, Washington · www.avalara.com Seattle, Washington
Gainsight, Inc. 2020-11-30 Northpass, Inc. 2023-07-11 2
San Francisco, California · www.gainsight.com Parsippany, New Jersey · www.northpass.com
Aptean, Inc. 2012-08-07 Groupe Mistral 2022-12-01 45
Atlanta, Georgia · www.aptean.com Clermont-Ferrand, France · www.mistral.fr
iCIMS, Inc. 2018-08-15 SkillSurvey, Inc. 2022-10-26 4
Holmdel, New Jersey · www.icims.com Berwyn, Pennsylvania · www.skillsurvey.com
Aptean, Inc. 2012-08-07 Merlin Business Software Ltd. 2022-10-24 44
Atlanta, Georgia · www.aptean.com Chesterfield, United Kingdom · www.merlinbusinesssoftware.com
Granicus, Inc. 2016-08-18 Rock Solid Technologies, Inc. 2022-10-12 9
Denver, Colorado · www.granicus.com San Juan, Puerto Rico · www.rocksolid.com
Cloud Software Group, Inc. 2022-09-01 Citrix Systems, Inc. 2022-09-01 2
Fort Lauderdale, Florida · www.cloud.com Fort Lauderdale, Florida · www.citrix.com

M&A by Sector

Sector Current # Value All-time # Value
Software 30 (42%) 15.1B (34%) 58 (41%) 39.2B (52%)
Internet Software and Services 26 (36%) 21.1B (47%) 45 (32%) 25.6B (34%)
Information Technology 10 (14%) 6.8B (15%) 21 (15%) 7.8B (10%)
Business Services - - 4 (3%) -
Information Services 2 (3%) - 4 (3%) -
Education 2 (3%) 1.6B (3%) 3 (2%) 1.9B (2%)
Medical Products 1 (1%) - 2 (1%) 381M (1%)
Leisure - - 1 (1%) 1.0B (1%)
Consumer Products - - 1 (1%) 146M (< 1%)
Communications - - 1 (1%) -
Healthcare Services - - 1 (1%) -
Marketing 1 (1%) - 1 (1%) -
Total 72 $44.6B 142 $76.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 65 (90%) 41.5B (93%) 130 (92%) 71.7B (94%)
  Texas 9 (13%) 6.5B (15%) 22 (15%) 8.4B (11%)
  Massachusetts 12 (17%) 7.6B (17%) 16 (11%) 7.6B (10%)
  California 9 (13%) 4.1B (9%) 16 (11%) 11.6B (15%)
  New York 5 (7%) - 12 (8%) 100M (< 1%)
  Florida 5 (7%) 4.6B (10%) 9 (6%) 21.3B (28%)
  Georgia 4 (6%) 644M (1%) 8 (6%) 644M (1%)
  Colorado 4 (6%) - 7 (5%) -
  Illinois 3 (4%) - 7 (5%) -
  Virginia 2 (3%) 4.6B (10%) 6 (4%) 6.3B (8%)
  Oregon 1 (1%) - 5 (4%) -
  Ohio 2 (3%) - 4 (3%) 128M (< 1%)
  Washington 2 (3%) 8.4B (19%) 3 (2%) 10.3B (14%)
  District of Columbia 2 (3%) 1.6B (3%) 2 (1%) 1.6B (2%)
  Utah 1 (1%) 3.5B (8%) 2 (1%) 3.5B (5%)
  Wisconsin 1 (1%) - 2 (1%) -
  Minnesota 1 (1%) - 2 (1%) -
  Maryland 1 (1%) - 1 (1%) -
  New Jersey 1 (1%) - 1 (1%) -
  Arizona - - 1 (1%) 381M (1%)
  Connecticut - - 1 (1%) -
  Rhode Island - - 1 (1%) -
  Pennsylvania - - 1 (1%) -
  North Carolina - - 1 (1%) -
Spain 1 (1%) - 4 (3%) 1.2B (2%)
United Kingdom 2 (3%) 3.1B (7%) 3 (2%) 3.1B (4%)
Canada 2 (3%) - 3 (2%) -
  Ontario 2 (3%) - 3 (2%) -
India 1 (1%) - 1 (1%) -
Australia 1 (1%) - 1 (1%) -
Domestic 65 (90%) 41.5B (93%) 130 (92%) 71.7B (94%)
Cross-border 7 (10%) 3.1B (7%) 12 (8%) 4.3B (6%)
Total 72 $44.6B 142 $76.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 13 (18%) - 33 (23%) 146M (< 1%)
Growth Capital 21 (29%) - 29 (20%) -
Buyout (LBO, MBO, MBI) 7 (10%) 1.0B (3%) 27 (19%) 2.5B (3%)
Going Private 13 (18%) 37.4B (94%) 23 (16%) 65.9B (92%)
Divestiture 4 (6%) 1.6B (4%) 12 (8%) 2.8B (4%)
Venture 6 (8%) - 7 (5%) -
Consolidation 5 (7%) - 5 (4%) -
Stake Purchase 3 (4%) - 5 (4%) -
Recapitalization - - 1 (1%) -
Total 72 $40.0B 142 $71.4B

Exits by Deal Type

Type Total # Value
Trade Sale 20 (29%) 845M (3%)
Secondary Sale 18 (26%) 675M (2%)
Trade Sale - Public Company 16 (23%) 27.8B (95%)
IPO 7 (10%) -
Merger 5 (7%) -
Recapitalization 2 (3%) -
Stake Sale 1 (1%) -
Unknown 1 (1%) -
Total 70 $29.3B

Top M&A Advisors

Financial Deals
Morgan Stanley
6
Jefferies
6
Evercore Group
5
Legal Deals
Kirkland & Ellis
50
Morrison & Foerster LLP
2
Simpson Thacher & Bartlett
2

Deal Values

buy # Total
> $1B 21 $72.6B
$100M to $1B 9 $3.3B
< $100M 1 $100M
TOTAL $76.0B
Largest Citrix Systems, Inc.
$16.5B (2022-01-31)
sell # Total
> $1B 9 $24.8B
$100M to $1B 10 $4.4B
< $100M 1 $100M
TOTAL $29.3B
Largest Vertafore, Inc.
$5.4B (2020-08-13)

M&A Connections

Deals
Acquired from
Investor(s)
23%
32 (23%)
Strategic(s)
8%
11 (8%)
Exited to
Investor(s)
27%
19 (27%)
Strategic(s)
57%
40 (57%)

FAQ

When was Vista Equity Partners founded?

Vista Equity Partners was founded in 2000.

What type of investor is Vista Equity Partners?

Vista Equity Partners is a private equity firm.

Where is Vista Equity Partners headquartered?

Vista Equity Partners is headquartered in Austin, Texas.

How much capital does Vista Equity Partners have under management?

Vista Equity Partners has 100.0B USD under management.

 Subscribe to unlock this and 199,417
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 190K M&A Transactions
  • 195K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.