Texas based software company, Solera Holdings, reached an acquisition agreement with private equity firm, Vista, for $6.5b including net debt. Solera provides software to insurance and car companies in more then 75 Countries. Partnering with Vista on this investment is Koch Equity Development and an affiliate of Goldman Sachs.
“This transaction delivers immediate compelling value to our stockholders and represents a pivotal milestone for Solera in partnering with Vista,” Tony Aquila, Solera’s founder and chief executive, said in a news release. “It not only recognized our innovative company and talented employees, but also provides us with the optimal flexibility to proliferate our world-class solutions and services for our customers.” Robert F. Smith, founder and chief executive of Vista, said, “Solera is incredibly well positioned for the next fifty years.” Solera, based in Texas, provides services to companies in more than 75 countries.