Vista Equity Partners has completed its take-private acquisition of Solera, a provider of risk & asset management software. The sale was first announced last September, with Vista agreeing to buy all shares of the Texas-based company at $55.85 each, representing an enterprise value of about $6.5 billion, including debt. Solera had traded on the NYSE under the symbol SLH. An acquisition subsidiary of Koch Industries and an affiliate of Goldman Sachs invested alongside Vista in the transaction.
Solera provides its risk management software and services in more than 75 countries across six continents, primarily to clients in the automotive and property insurance industries. The company is the latest of many large-scale software buys for Vista. The firm completed three deals for more than $700 million in the space during 2015, including a $720 million buyout of advertising platform MediaOcean in August. Vista’s most recent multibillion-dollar deal occurred in December 2014, when the firm paid $4.3 billion for TIBCO Software.
PitchBook Platform users can click here to access our full data on PE investor activity in the software sector, where firms have completed over 900 deals worldwide since the start of 2014. Vista's software investments can be viewed here.