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August 9, 2022

Avalara

Avalara, a provider of tax compliance automation, has entered into a definitive agreement to be acquired by Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, in partnership with institutional co-investors. Under the terms of the agreement, Vista will acquire all outstanding shares of Avalara common stock for $93.50 per share in an all-cash transaction valued at $8.4 billion, inclusive of Avalara's net debt. The transaction, which was unanimously approved by the Avalara Board of Directors, is expected to close in the second half of 2022, subject to customary closing conditions. Closing of the transaction is not subject to a financing condition. Upon completion of the transaction, Avalara's shares will no longer trade on the New York Stock Exchange, and Avalara will become a private company. The company will continue to operate under the Avalara name. Goldman Sachs & Co. is serving as exclusive financial advisor to Avalara, and Simpson Thacher & Bartlett and Perkins Coie are acting as legal counsel. Kirkland & Ellis is acting as legal counsel for Vista. Founded in 2004, Avalara is headquartered in Seattle, and has offices across the U.S. and around the world.




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