The Firm is representing Avalara, Inc. (NYSE: AVLR) (“Avalara”), in connection with Avalara’s proposed acquisition by affiliates of Vista Equity Partners in partnership with institutional co-investors, for $93.50 in cash per share in a transaction valued at approximately $8.4 billion. The transaction is subject to customary closing conditions, including the approval of Avalara’s shareholders and regulatory approval, and is expected to close in the second half of 2022.
Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, ecommerce and other financial management system providers, Avalara delivers cloud-based compliance solutions for various transaction taxes, including sales and use, VAT, GST, excise, communications, lodging and other indirect tax types. Headquartered in Seattle, Avalara has offices across the United States and around the world in Brazil, Europe and India.
The Simpson Thacher team includes Mario Ponce, Michael Chao, Austin Uhm and Tiye Traore (M&A); Tristan Brown and Laura Gallo (Executive Compensation and Employee Benefits); Brian Steinhardt and Catherine Burns (Credit); Jonathan Ozner (Capital Markets); Peter Guryan and Max Fischer-Zernin (Antitrust); Mick Tuesley and Claire DiMario (Regulatory); Drew Purcell and Kris Liu (Tax); Lori Lesser, Rachelle Broida and Mark Natividad (Intellectual Property); and Jonathan Lindabury and Nathan Utterback (Derivatives).