VCP leads $175 mln recap for Meltwater


Vista Credit Partners has led a $175 million recapitalization for San Francisco-based Meltwater, a provider of media intelligence solutions. VCP is the credit-lending arm of Vista Equity Partners.

PRESS RELEASE

AUSTIN, Texas–(BUSINESS WIRE)–Vista Credit Partners (“VCP”), a strategic credit investor and financing partner focused on the enterprise software, data and technology market, announced today it has led a $175 million global recapitalization for Meltwater, a global leader in media intelligence solutions. The recapitalization is a significant sole lead and self-originated direct lending investment for VCP, the credit-lending arm of Vista Equity Partners (“Vista”). For Meltwater, a partnership with VCP means an influx of resources, capital support, and institutional knowledge of the enterprise software sector. As part of the transaction, VCP served as Administrative Agent and sole lender.

“VCP’s investment in Meltwater is a sign of both the incredible progress this company has made since its founding in 2001, and its potential for continued accelerated growth. The VCP team employed a solutions-oriented approach to the deal and provided speed and certainty to execute the financing in an expeditious manner,” said Meltwater Founder and CEO Jorn Lyseggen. “We are excited about our partnership with Vista, which will allow us to further invest in our products, adding value for our current customers and setting us up for expanded organic growth.”

Headquartered in San Francisco, Meltwater has 2,000 employees in 55 offices spread throughout North America, Europe, Asia, Africa, Australia, and South America. Today, more than 30,000 companies around the world use Meltwater solutions to monitor traditional and social media to gain insights on relevant trends and conversations across the media landscape.

“We are thrilled that this significant direct lending investment is in a company as strong and innovative as Meltwater, and we look forward to helping Jorn and his leadership team realize their vision of continued growth and innovation,” said VCP President David Flannery. “Increasingly, founders and CEOs in the software and tech space are looking to direct lending as a way to bring in new capital while maintaining ownership of their company, and I believe Vista’s strong track record in the industry should position us well in the future. Meltwater, with its strong leadership, talent, and position in the media intelligence market is an ideal partner for us, and we are excited about what lies ahead.”

Meltwater was advised by Code Advisors on the financing with DLA Piper providing legal counsel. VCP was represented by Akin Gump Strauss Hauer & Feld LLP.

About Vista Credit Partners
Vista Credit Partners (VCP) is the credit-investing arm of Vista Equity Partners and is a strategic investor and financing partner focused on the growing enterprise software, data, and technology market. VCP employs a highly disciplined approach to credit investing while maintaining flexibility to pursue investments offering the best relative value, sourcing opportunities in both the middle market and broadly syndicated market, and investing across the capital structure. The VCP senior leadership and investment teams consist of experienced credit professionals who have spent their careers sourcing, underwriting, executing, and managing credit portfolios for market leading institutions. Since formation in 2013, VCP has deployed over $3.3 billion and grown to over $2.1 billion of assets under management. For more information, please visit www.vistacreditpartners.com.

About Meltwater
Meltwater helps companies make better, more informed decisions based on insights from the outside. More than 30,000 companies use the Meltwater media intelligence platform to stay on top of billions of online conversations, extract relevant insights, and use them to strategically manage their brand and stay ahead of their competition. With 55 offices on six continents, Meltwater is dedicated to personal, global service built on local expertise. Meltwater also operates the Meltwater Entrepreneurial School of Technology (MEST), a nonprofit organization devoted to nurturing future generations of entrepreneurs. For more information, follow Meltwater on Twitter, Facebook, LinkedIn, YouTube, or visit www.meltwater.com.

About Vista Equity Partners
Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco with more than $46 billion in cumulative capital commitments. Vista exclusively invests in software, data, and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity. For more information, please visit www.vistaequitypartners.com.