[ad_1]
Vista Equity Partners struck a $4 billion deal Monday to acquire business-software company EngageSmart, a sizable buyout at a time when many private-equity firms are sitting on the sidelines.
Vista is offering shareholders in the customer engagement and payments software specialist $23 a share. The Wall Street Journal reported earlier that a deal was close. EngageSmart stock jumped more than 10% in premarket trading to trade near the bid price.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The go-to source for all things private equity.
News, data and analysis to help you find opportunities, and to follow the broad trends in dealmaking, investing and regulation.
[ad_2]
Source link