Simpson Thacher is representing Vista Equity Partners in connection with the acquisition of Solera Holdings, Inc. (NYSE: SLH) for approximately $6.5 billion, including the existing net debt of Solera. Vista will acquire 100% of the outstanding shares of Solera common stock for $55.85 per share in cash in the merger. The closing of the transaction is expected no later than the first calendar quarter of 2016 and is conditioned upon customary closing conditions, including the approval of Solera stockholders and required regulatory approvals.
Vista, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with more than $14 billion in cumulative capital commitments, currently invests in software, data and technology-based organizations led by world-class management teams with long-term perspective. Solera is a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry. Solera is active in over 75 countries across six continents.
The Simpson Thacher team included Gary Horowitz, Caroline Gottschalk, Isaac Gruber, Jivaji More and Mark Viera (M&A); Chris Brown, Christian Fischer and Caroline Gross (Banking and Credit); Ryan Bekkerus, Tony Rim and Maria Monte (Capital Markets); Larry Moss, Andrew Blau and Holly Gurian (ECEB); Sophie Staples (Tax); Marcela Robledo (IP); Sara Razi and Ellen Frye (Competition); and Joyce Xu and Andrew Des Rault (Derivatives).