ADP Sells Taxware Division to Vista Equity Partners

Automatic Data Processing has sold its taxware division to Vista Equity Partners, a private-equity firm focused on investments in software and technology-enabled services. Terms of the sale were not disclosed. Mooreland Partners acted as exclusive financial advisor to ADP.

Vista Equity Acquires Bullhorn

Private equity firm Vista Equity Partners acquired Bullhorn, Inc. No terms were disclosed. Recruiting software developer Bullhorn will operate as a stand-alone company. PRESS RELEASE Bullhorn Inc. has been Acquired by Vista Equity Partners Acquisition to Accelerate Bullhorn’s Growth and Product Plans BOSTON, MA (June 14, 2012) ― Bullhorn, Inc., the market leading recruiting software […]

Misys Confirms Approach from Vista Equity Partners

Misys, the British banking software company that is in talks about merging with its Swiss peer Temenos, received a rival approach from Vista Equity Partners, Reuters reported Monday. The Financial Times had earlier on Monday reported that the private equity firm was lining up a 1.2 billion pounds ($1.9 billion) bid for the British company. […]

New York City Pensions Commit $880 Million to Four Funds

The New York City Bureau of Asset Management, which manages $115 billion in assets from the city’s five municipal pension funds, committed an impressive $880 million to four private equity funds, according to recent investment reports and a spokesman at the city comptroller’s office.

The largest of the four commitments was $300 million to Leonard Green & Partners‘ Green Equity Investors VI LP, a private equity fund with a $5 billion target. The Los Angeles-based consumer retail specialist is known for making investments in such high profile companies as Neiman Marcus, J. Crew, Whole Foods, Rite-Aid, Sports Authority, Petco and BJ’s Wholesale.

The fund has been on a fundraising tear…

Vista Equity Buys Thomson Reuters’ Risk Management Software Biz

Vista Equity Partners is acquiring Thomson Reuters‘ trade and risk management software business, which includes flagship product Kondor. Vista beat bids from other private equity firms including Cinven, Bridgepoint and Montagu Private Equity. The value of the sale was not disclosed, but the loan supporting the leveraged buyout is expected to be around $200 million, Reuters wrote. Thomson Reuters is the publisher of this blog.

Vista Equity Partners Buys Sage Healthcare Unit

Vista Equity Partners is paying $320 million to buy the healthcare unit of British software company Sage, Reuters reported. Sage will return all of the proceeds to shareholders through a share buyback program.

ADERANT To Buy CompuLaw

ADERANT, which is backed by Vista Equity Partners, has completed its buy of CompuLaw. Financial terms weren’t disclosed. Los Angeles-based CompuLaw provides automated court rules-based legal calendaring software. News of the deal was disclosed by Clear Capital Advisors, which provided financial advice to CompuLaw.

Slideshow: 5 Top Strategic Buyers Of Sponsor-Backed Companies

Corporations and other strategic buyers are presenting buyout shops with serious competition in today’s heated market, but they’re also supplying a rich source of exits, according to the Buyouts cover story, published June 20. As of June 13, strategic buyers around the world bought 15,825 companies, including full or partial stakes, with a combined value […]

Vista Equity Views A New Fund

Vista Equity Partners has apparently begun raising its next fund, Vista Equity Partners IV. The San Francisco-based private equity firm, which focuses on software and technology firms, has total committed capital of $2.7 billion, according to the firm’s Web site. Vista was founded in 2000.
The previous fund in the series, Fund III, closed in 2008, having raised $1.3 billion.

The new fund was revealed as an agenda item for Thursday’s forthcoming meeting of the New Jersey State Investment Council. No word yet as to the size of the proposed commitment nor the fundraising target of the fund itself.

Last year, Vista introduced a fund in a new series, Foundation Fund I, which held an interim close after having raised $195 million of its $400 million overall target.

Huntsman Gay and Vista Equity Recap Sunquest

Private equity firms Huntsman Gay Global Capital and Vista Equity Partners have recapitalized Sunquest Information Systems, a provider of laboratory information systems. Huntsman Gay led the recap. Vista Equity Partners has owned Sunquest since 2007, and says it will retaining a significant stake in the business. Financial terms of the deal were not released.

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