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Apollo-backed SPAC in talks to purchase Vista's Solera
February 8, 2021
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Apollo Strategic Growth Capital
, a blank-check company sponsored by
Apollo Global Management
, has entered negotiations to acquire
Solera Holdings
from
Vista Equity Partners
and take the financial software company public, according to Bloomberg. Vista Equity has backed Solera since acquiring the Texas-based business in 2016 alongside
Goldman Sachs
and
Koch Industries
for around $6.5 billion, including debt.
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Tags:
Private Equity,
M&A
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