Avalara

active

Software — Vista Equity Partners

Deal Terms

Entry Year2022

Entry EV$8.4B

Entry Multiple10x

Leverage5x

Debt Amount$4.2B

Risk Metrics

LTV (est.)50%

Debt / EV0.50x

Notes

$8.4B take-private by Vista (2022). Tax compliance automation software. Sticky enterprise product — companies can't easily switch tax engines. Vista's standard playbook: cost-cut, price-hike, prep for exit. AI tax compliance tools emerging. Government tax digitization mandates create tailwinds.

Sponsor

Partners Group$185B AUM