Vista Equity Partners has agreed to acquire 100% of Solera (NYSE: SLH) for $55.85 per share, representing a total deal value of about $6.5 billion, including debt. Other investors include Goldman Sachs, which is also providing debt financing through various lending arms, and an affiliate of Koch Industries. The purchase price represents an unaffected premium of 53% over Solera's closing share price of $36.39 on August 3; the deal is expected to close by 1Q 2016.
Solera is a provider of risk and asset management software and services to the automotive and property marketplace, including the global property & casualty insurance industry. The company is active in over 75 countries across six continents. The deal would mark the largest ever for Vista, which acquired TIBCO Software in a $4.3 billion public-to-private buyout late last year.