Vista Equity Partners is in discussions with both banks and private credit lenders as it explores the options for securing approximately $1bn in debt financing to fund its acquisition of software company Jaggaer, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that the Austin, Texas-based private equity firm has yet to decide which financing route to take.
The firm is currently negotiating terms with competing lender groups, according to Bloomberg’s sources.
Earlier this month, Vista reached an agreement to acquire Jaggaer from Cinven, a deal that could value the North Carolina-based software company at nearly $3bn, as previously reported by Bloomberg.
Jaggaer specialises in providing procurement solutions for businesses, including services for invoice and supply chain management.
