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Software Deal

Software Deal
Software Deal

Vista Equity Partners agreed to buy Solera Holdings Inc., a seller of risk-management software for investors, for $6.5 billion including net debt, Bloomberg reported. Vista will pay $55.85 a share in cash for the Westlake, Texas-based company, according to a PR Newswire statement. The offer is 13% above Solera’s closing price on Friday of $49.45. Investors joining Vista include an affiliate of Goldman Sachs Group Inc. and the investment subsidiary of Koch Industries Inc., according to the statement. Solera said last month it’s exploring strategic options for the company, forming a special committee and working with Centerview Partners and Rothschild Inc. as financial advisers and Sullivan & Cromwell as a legal adviser.

Financialtribune.com