Deals
Vista Is Buying Majority Stake in Acquia in $1 Billion Deal
- Vista Equity Partners announces deal with no financial terms
- Acquia had previously considered going public in 2014
Vista Equity CEO Robert Smith speaks during the Milken Institute Global Conference in Beverly Hills.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Billionaire Robert F. Smith’s Vista Equity Partners has agreed to acquire a majority stake in Acquia Inc. in a transaction valuing the enterprise software company at close to $1 billion, including debt, according to people with knowledge of the matter.
The technology-focused private equity firm confirmed the deal in a statement Tuesday without disclosing financial terms. It couldn’t immediately be learned how much Vista was investing in the company. Several existing investors of Acquia will retain stakes.