Deals
Vista Equity Buys Majority Stake in Subscription Management Software Maker TRG Screen
- Vista, co-investor said to commit $250 million of capital
- Pamlico will exit its TRG stake after first investing in 2018
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Vista Equity Partners has acquired a majority stake in TRG Screen, an enterprise software provider for managing corporate spending on subscriptions, according to people familiar with the matter.
The Austin-based private equity firm has committed about $250 million in growth capital in conjunction with an additional institutional investor, the people said, asking not to be identified because the discussions are private. Pamlico Capital, which first backed TRG in 2018, will divest its stake in the company, they added.