Vista to take automated tax compliance firm Avalara private for $8.4bn

The transaction is expected to close in the second half of 2022.

  • According to terms of the agreement, Avalara shareholders will receive $93.50 for each share they hold
  • When the deal closes, Avalara will stop trading on the New York Stock Exchange under the ticker symbol “AVLR”
  • Headquartered in Seattle, Avalara was founded in 2004

Vista Equity Partners has agreed to acquire Avalara, a provider of tax compliance automation for businesses, in a take private deal for $8.4 billion. According to terms of the agreement, Avalara shareholders will receive $93.50 for each share they hold.

When the deal closes, Avalara will stop trading on the New York Stock Exchange under the ticker symbol “AVLR.” The company will continue to operate under the Avalara name and brand.

Headquartered in Seattle, Avalara was founded in 2004.

“Vista has built a reputation as a preferred partner for founder-led, next-generation software companies,” said Monti Saroya, Co-Head of Vista’s Flagship Fund and senior managing director, in a statement. “We look forward to working with Scott and the entire Avalara team to advance their vision and continue delivering innovative solutions to customers.”

The transaction is expected to close in the second half of 2022.

Goldman Sachs & Co. LLC is serving as financial advisor to Avalara, and Simpson Thacher & Bartlett LLP and Perkins Coie LLP are acting as legal counsel.

Kirkland & Ellis LLP is acting as legal counsel for Vista.

Vista is a leading global investment firm with $96 billion in assets under management as of March 31, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations.