Vista Equity Partners and Evergreen Coast Capital Acquire Citrix Systems and Combine with TIBCO Software

Vista Equity Partners Acquires Duck Creek Technologies

March 30, 2023

Cloud & SaaS

Vista Equity Partners has completed its all-cash acquisition of Duck Creek Technologies for $19.00 per share, valuing the company at approximately $2.6 billion. The deal takes Duck Creek private and pairs its cloud-based P&C insurance software platform with Vista’s enterprise software-focused investment platform to accelerate product and cloud adoption among insurance carriers.

Vista Equity Partners and Warburg Pincus to Acquire Redwood Software

September 10, 2024

Cloud & SaaS

Redwood Software agreed to be acquired by funds affiliated with Vista Equity Partners and Warburg Pincus. The terms of the transaction were not disclosed, and the deal is subject to customary conditions and approvals.

Veritas Capital and Evergreen Coast Capital Acquire Cubic Corporation

May 25, 2021

Aerospace & Defense

Veritas Capital and Evergreen Coast Capital (an affiliate of Elliott Investment Management) completed a go-private acquisition of Cubic Corporation, with the transaction valued at approximately $3.0 billion including assumed debt. Under amended terms, Cubic shareholders received $75.00 per share in cash; Cubic will remain based in San Diego, California under the new private ownership.

Vista Equity Partners to Acquire Acumatica from EQT

May 29, 2025

Cloud & SaaS

EQT has agreed to sell Acumatica, a cloud ERP and business management software platform for small and mid-sized businesses, to Vista Equity Partners. The transaction is expected to close in Q3 2025, subject to customary conditions and approvals, and terms were not disclosed.

Veritas Capital and Evergreen Coast Capital Acquire athenahealth

February 11, 2019

Healthcare Services

An affiliate of Veritas Capital and Evergreen Coast Capital (Elliott affiliate) completed the acquisition of athenahealth, Inc. for approximately $5.7 billion in cash. The deal combines athenahealth with Veritas-owned Virence Health under the athenahealth brand, creating a larger healthcare IT provider headquartered in Watertown, Massachusetts, led by Bob Segert.

Siris and Evergreen Acquire Travelport Worldwide

May 30, 2019

IT Services

Affiliates of private equity firms Siris Capital Group and Evergreen Coast Capital (an Elliott affiliate) completed an all-cash acquisition of Travelport Worldwide Limited for approximately $4.4 billion. Travelport will be privately held by the buyers, delist from the NYSE, and the deal is intended to support investment in the company’s travel commerce platform and continued product and capability development.