Up and Down

Value of U.S. PE M&A soars, but volume plummets

The total disclosed value of U.S. announced private equity mergers skyrocketed more than 61 percent in third quarter, but the number of deals dropped about 20 percent, according to data from Thomson Reuters.


TA Associates to buy majority stake in Miratech

TA Associates has agreed to acquire a majority stake in Austin, Texas and UK-based Miratech, a provider of enterprise legal management solutions for corporate legal departments. No financial terms were disclosed. In addition to the funding, Hythem El-Nazer and Ashu Agrawal of TA Associates have been added to Miratech’s board of directors. Also, as a result of the transaction, Vista Equity Partners has exited its stake in Miratech.


TA Associates to buy Mitratech

TA Associates has agreed to acquire a majority stake of Mitratech. Vista Equity Partners is the seller. Financial terms weren’t announced. Austin-based Mitratech provides software solutions for legal departments. William Blair advised Mitratech/Vista while Marks Baughan Securities advised TA Associates.


Vista Equity to buy Solera for $6.5 bln

Vista Equity Partners has agreed to buy Solera Holdings Inc. in a transaction valued at about $6.5 billion. Other investors include Koch Equity Development LLC and an affiliate of Goldman Sachs & Co. Vista is buying 100 percent of Solera for $55.85 a share. David Baron, Michael Lucas, and Aleksej Moser of Rothschild Inc. advised Solera, Centerview Partners LLC provided financial advice to the Special Committee and Morgan Securities LLC represented Vista.


Vista and Spectrum back Trintech

Dallas-based financial software provider Trintech has secured an undisclosed amount of funding. The investors were Vista Equity Partners and Spectrum Equity.


Vista acquires PowerSchool Group from Pearson

Vista Equity Partners has acquired PowerSchool Group LLC, a provider of student information solutions in K-12 education. The seller was Pearson plc. No financial terms were disclosed. Also, PowerSchool has named Hardeep Gulati as CEO.


Vista Equity invests $25 mln in Main Street Hub

Vista Equity Partners invested $25 million in Series C funding in Main Street Hub, a marketing platform for local businesses. Main Street Hub has raised a total of $65 million in funding. Previous investors include Bessemer Venture Partners and Harrison Metal Capital.


Dyal Capital takes minority stake in Vista Equity

Dyal Capital Partners said Tuesday it has made a passive, minority investment in Vista Equity Partners. Financial terms weren’t announced. Vista, a technology focused private equity firm, said it will maintain complete control over its operations. Dyal Capital is the PE unit of Neuberger Berman.


GI closes MRI Software buy

GI Partners said Wednesday it closed its buy of MRI Software. Vista Equity Partners was the seller. The transaction was announced earlier this month. Solon-Ohio-based MRI provides real estate property and investment management software solutions. Shea & Company, LLC acted as financial advisor for MRI.


Vista Equity to buy EagleView Technology

Vista Equity Partners has agreed to buy EagleView Technology Corp. Finanacial terms weren’t announced. Bothwell, Washington-based EagleView provides aerial imagery, data analytics and GIS solutions. William Blair & Company LLC advised EagleView.


PE-backed Aptean acquires Vision

Aptean, which is backed by Vista Equity Partners, has acquired Vision from Cinram Group Inc. No financial terms were disclosed. Vision is a provider of supply chain inventory management and business intelligence solutions.

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