Banks, Private Credit Vie to Lend Vista $1 Billion for Jaggaer
Summary
(Bloomberg) -- Vista Equity Partners is in talks with both Wall Street banks and direct lenders to obtain around $1 billion of debt financing to support its acquisition of software company Jaggaer, according to people with knowledge of the matter. Austin, Texas-based Vista hasn’t yet decided which financing route to pursue and is discussing terms with competing lender groups, said the people, who requested anonymity discussing confidential information. Vista agreed to acquire Jaggaer from Cinven earlier this month in a deal that could value the software company at close to $3 billion, Bloomberg previously reported. North Carolina-based Jaggaer specializes in procurement solutions to businesses, including invoice and supply chain management.
Classifications
AskAI Classifications
LabelsLinked Companies
