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Stifel Downgrades Avalara (AVLR) to Hold

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Vista Equity Partners to Take Avalara (AVLR) Private in an $8.4 Billion Deal

August 8, 2022 8:53 AM EDT

Private equity firm Vista Equity Partners announced today a deal to take a tax compliance cloud company Avalara (NYSE: AVLR) private in an $8.4 billion deal, including debt.

Vista will pay $93.50 per share, a premium of 27% compared to the closing share price as of... More

Avalara to go private in $8.4 billion deal with Vista with direct lenders' help

August 8, 2022 7:20 AM EDT

By Niket Nishant and Krystal Hu

(Reuters) -Avalara Inc said on Monday it has agreed to be acquired by private equity firm Vista Equity Partners in a deal that values the tax automation software platform at $8.4 billion including debt, one of the largest take-private deals this year as the M&A market slows down.

Vista managed to secure a $2.5 billion loan from private lenders and bring in institutional investors as co-investors, according to a source familiar with the matter.

Vista's offer of $93.50 per share, which marks a 2% discount to Avalara stock's closing price on Friday, sent shares down 3.86%... More

Avalara (AVLR) to be Acquired by Vista Equity Partners for $8.4 Billion, $93.50 Per Share

August 8, 2022 7:00 AM EDT

Avalara, Inc. (NYSE: AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced it has entered into a definitive agreement to be acquired by Vista Equity Partners (Vista), a leading global... More

Vista Equity Said Near Deal for Avalara (AVLR) - Bloomberg

August 8, 2022 6:45 AM EDT

(Updated - August 8, 2022 6:54 AM EDT)

Vista Equity Partners is in advanced talks to acquire Avalara (NYSE: AVLR), according to Bloomberg, citing people familiar with the matter. An agreement could be announced on Monday. The all-cash deal could value Avalara at around $8.5 billion.

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