Skip to content

Private Debt Club Lends $2.5 Billion for Vista’s Avalara Buyout

  • Deal is one of the largest funded by private credit this year
  • Apollo and HPS also among lenders for tax-software deal
Monitors display Avalara signage on the floor of the New York Stock Exchange.

Monitors display Avalara signage on the floor of the New York Stock Exchange.

Photographer: Michael Nagle/Bloomberg
Updated on

A group of private lenders led by Blue Owl Capital Inc. has agreed to provide a $2.5 billion loan to finance Vista Equity Partners’ acquisition of Avalara Inc., according to people with knowledge of the matter.

Apollo Global Management Inc. and HPS Investment Partners are also part of the financing, which was structured as a recurring-revenue loan, according to the people, who asked not to be identified discussing a private transaction.