The per share purchase price represents a premium of 27 percent over the Company’s closing share price as of July 6, 2022, the last trading day prior to media reports regarding a potential transaction.įounded in 2004, Avalara’s success is built up on an extensive partner network large tax content data and repository to help customers stay up to date on dynamic tax rules and regulations and its cloud-native, end-to-end multi-product tax compliance portfolio. Under the terms of the agreement, Vista will acquire all outstanding shares of Avalara common stock for $93.50 per share in an all-cash transaction valued at $8.4 billion, inclusive of Avalara’s net debt. (NYSE: AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, in partnership with institutional co-investors. Avalara to become a private company upon completion of the transaction.Avalara shareholders to receive $93.50 per share in cash.
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