Vista completes take-private buyout of tax compliance firm Avalara

• Avalara is no longer trading on the New York Stock Exchange
• Goldman Sachs served as financial advisor to Avalara while BofA Securities served as financial advisor to Vista
• Vista has $94 billion in assets under management as of June 30, 2022

Vista Equity Partners has closed its take-private acquisition of Seattle-based Avalara, a provider of tax compliance automation solutions. According to terms of the deal, Avalara stockholders will receive $93.50 per share in cash.

“The criticality of Avalara’s software platform combined with its commitment to drive innovation and serve its extensive partner network provides a strong foundation for growth,” added Monti Saroya, co-head of the Vista flagship fund and senior managing director. “We look forward to working with Scott and the Avalara team and welcome them to the Vista portfolio and ecosystem as they continue to execute on their vision to automate global compliance.”

With the completion of the transaction, Avalara is no longer trading on the New York Stock Exchange.

Goldman Sachs served as exclusive financial advisor to Avalara, and Simpson Thacher & Bartlett LLP and Perkins Coie LLP acted as legal counsel.

BofA Securities served as financial advisor to Vista and Kirkland & Ellis LLP acted as legal counsel.

Vista has $94 billion in assets under management as of June 30, 2022. The firm invests in enterprise software, data and technology-enabled organizations.