Latest news with #VistaEquityPartners
Bloomberg
22-07-2025
- Business
- Bloomberg
Vista's KnowBe4 Cuts Borrowing Costs With Direct Loan Refinance
KnowBe4 Inc., a Vista Equity Partners -owned internet security platform, is cutting its borrowing costs by refinancing about $1.46 billion of private debt through the leveraged-loan market, according to people familiar with the matter. A group of lenders led by JPMorgan Chase & Co. and KKR & Co. on Tuesday priced the offering for KnowBe4 with an interest rate of 3.75 percentage points over the floating-rate benchmark and at a discount of 99.75 cents on the dollar for the new seven-year loan, the people said.
Reuters
22-07-2025
- Business
- Reuters
Avalara confidentially files for US IPO, eyes return to public markets
July 21 (Reuters) - Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs (CROX.O), opens new tab and Reebok among its customers. Companies often file for IPOs confidentially to keep details about their financial and strategic plans private, while engaging with regulators and potential investors.
Geek Wire
22-07-2025
- Business
- Geek Wire
Avalara files for IPO as tax software giant aims to go public again
(GeekWire File Photo) Avalara is going public — again. The tax software giant confidentially filed for an IPO on Monday, signaling plans to become public company. It's part of a small-but-growing wave of companies starting to hit the public market as the IPO window reopens. Avalara, which helps online retailers and others adhere to complex tax regulations, previously went public in 2018 and was acquired in a $8.4 billion deal with Vista Equity Partners in 2022. The company's market capitalization was above $16 billion during the pandemic and its quarterly revenue topped $200 million before the Vista deal. Avalara CEO Scott McFarlane co-founded Avalara 14 years ago with Rory Rawlings and Jared Vogt on Bainbridge Island, Wash. Rawlings left in 2015 and Vogt left in 2012. Avalara relocated its headquarters to North Carolina after the Vista acquisition and downsized its Seattle office. The company still maintains a 'significant presence' in the Seattle region, according to a spokesperson. The company has 5,300 employees worldwide. It recently hired Seattle-based marketing vet Adrianna Burrows as executive vice president and chief marketing officer.
CNBC
22-07-2025
- Business
- CNBC
Avalara confidentially files for U.S. IPO, eyes return to public markets
Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs CROX.O and Reebok among its customers. Companies often file for IPOs confidentially to keep details about their financial and strategic plans private, while engaging with regulators and potential investors.
CNA
21-07-2025
- Business
- CNA
Avalara confidentially files for US IPO, eyes return to public markets
Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs and Reebok among its customers.
