Vista-backed Solera in talks to go public via merger with Apollo SPAC: Bloomberg

Vista Equity Partners-backed Solera Holdings Inc. is in talks to go public via a merger with Apollo Strategic Growth Capital, a blank check company formed by Apollo, reported Bloomberg.

Vista Equity Partners-backed Solera Holdings Inc. is in talks to go public via a merger with Apollo Strategic Growth Capital, a blank check company formed by Apollo, reported Bloomberg. The news outlet noted that the deal is expected to value the company at more than it was worth in 2016, when it went private for $6.5 billion. Based in Westlake, Texas, Solera provides a range of software and services to the automotive and insurance industries.

Source: Bloomberg