Tuesday, September 15, 2015

Solera Holdings Goes To Vista Equity Partners For $6.5 Billion

Westlake, Texas-based insurance risk management software developer Solera Holdings said over the weekend that it has agreed to be acquired by private equity investor Vista Equity Partners. The deal is worth approximately $6.5 billion. Solera Holdings said Vista Equity will pay $55.85 per share in cash for the company. Solera Holdings said the deal also includes an affiliate of Koch Equity Development LLC, and an affiliate of Goldman, Sachs & Co. The companies expect the deal to close by the first calendar quarter of 2016. Solera Holdings is led by Tony Aquila.