Blackstone and Vista Equity Partners Complete Acquisition of Smartsheet

Vista Equity Partners Acquires EngageSmart for About $4 Billion

January 28, 2024

Cloud & SaaS

EngageSmart, a vertically tailored customer engagement software and integrated payments provider, entered into a definitive agreement to be acquired by an affiliate of Vista Equity Partners in an all-cash deal valued at about $4 billion. The acquisition was completed in January 2024 for $23 per share, with EngageSmart becoming privately held and delisting from the New York Stock Exchange.

Blackstone Completes Acquisition of Cvent

June 15, 2023

IT Services

Cvent Holding Corp. was acquired by an affiliate of private equity funds managed by Blackstone for an enterprise value of approximately $4.6 billion. The deal closed on June 15, 2023 for $8.50 per share in cash, with Abu Dhabi Investment Authority (ADIA) making a significant minority investment and Vista Equity Partners participating as an existing stockholder.

Vista Equity Partners Acquires Avalara

October 19, 2022

Cloud & SaaS

Avalara, a tax compliance automation provider, completed its acquisition by Vista Equity Partners for $93.50 per share in cash, in partnership with institutional co-investors. Following completion, Avalara shares ceased trading on the New York Stock Exchange and Avalara became a private company.

Blackstone and Vista Equity Partners Acquire Ellucian

September 15, 2021

Software

Private equity funds managed by Blackstone and Vista Equity Partners have completed the acquisition of Ellucian from TPG Capital and Leonard Green & Partners. The long-term investment will support Ellucian's cloud and SaaS expansion, accelerate digital transformation capabilities for higher education customers, and fund international growth.

Permira Completes Acquisition of Squarespace

October 17, 2024

Software

Permira completed its all-cash acquisition of Squarespace, taking the website-building platform private. The transaction followed Permira increasing its offer to $46.50 per share (about $7.2 billion transaction value), with Squarespace founder Anthony Casalena rolling over a substantial majority of his equity.

Thoma Bravo Completes Acquisition of SailPoint Technologies Holdings

August 16, 2022

Cybersecurity

Thoma Bravo completed its all-cash acquisition of SailPoint Technologies Holdings, valuing SailPoint at approximately $6.9 billion. SailPoint stockholders received $65.25 per share, and SailPoint’s common stock ceased trading and was delisted from the NYSE.