Deals

Vista Equity to Buy Tax Software Maker Avalara for $8.4 Billion

Private equity firm to purchase Avalara for $93.50/share cash
Deal adds to spree of private equity technology acquisitions

Robert SmithPhotographer: Patrick T. Fallon/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Liana Baker, Davide Scigliuzzo, and Kamaron Leach

August 8, 2022 at 10:43 AM UTC

Updated on

August 8, 2022 at 11:30 AM UTC

This article is for subscribers only.

Buyout firm Vista Equity Partners agreed to acquire tax-management software provider Avalara Inc. for $8.4 billion including debt.

Vista will purchase Seattle-based Avalara for $93.50 per share in cash, according to a statement Monday, which confirmed an earlier Bloomberg News report. The offer represents a 27% premium to Avalara’s closing price on July 6, the last trading day before news of a potential transaction first emerged.