Avalara goes private in $8.4bn Vista Equity Partners deal

Avalara, a provider of financial compliance automation solutions has entered into a definitive agreement to be acquired by Vista Equity Partners alongside institutional co-investors. The buy-out will involve Vista paying for all outstanding shares of Avalara common stock for $93.50 per share in an all-cash transaction valued at $8.4bn (inclusive of Avalara's net debt).  Founded in 2004, Avalara claims its success is built up on an extensive partner network; large tax content data and re...