Avalara to go private in $8.4 billion deal with Vista Equity

:Avalara Inc said on Monday it had agreed to be acquired by private equity firm Vista Equity Partners in a deal that values the automation software platform at $8.4 billion including debt.

In the first half of the year, the PE firms were the chief drivers of global dealmaking even as overall M&A hit a roadblock. However, the price marked a 27 per cent premium to stock's close on July 6, after which it surged nearly 30 per cent on media reports of a possible takeover. Goldman Sachs & Co advised Avalara on the deal, which is expected to close in the second half of 2022.

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Vista Equity to take business software maker Avalara private in $8.4 billion dealAvalara Inc said on Monday it had agreed to be acquired by private equity firm Vista Equity Partners in a deal that values the automation software platform at $8.4 billion including debt.The offer of $93.50 per share is at a 27 per cent premium to stock's close on July 6, before media reports on the deal.
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