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Vista Equity Partners closes VEP Fund IV at USD3.5bn

Vista Equity Partners III, (Vista) has successfully closed Vista Equity Partners Fund IV (VEPF IV) at USD3.5 billion. The initial target of USD2.5 billion was exceeded due to exceptional LP demand. Vista now manages over USD6.6 billion of committed capital in its series of Private Equity Funds.

VEPF IV has already announced the following four acquisitions; Turaz, a divestiture from Thomson Reuters, Vitera, the former Sage Healthcare Division of The Sage Group PLC, CDC Software, a global provider of ERP solutions and Misys, the UK based provider of treasury capital markets and banking solutions.

Robert F Smith, CEO and Chairman of Vista, says: "The successful closing of VEPF IV is a continued endorsement by our LP’s of the strategy that we have refined over the last decade. Both our existing and our new investors have shown their confidence in our ability to acquire strategic assets, create value by implementing operational best practices using trained executives and ultimately realise consistent significant returns."

Since its inception Vista has completed over 65 transactions totalling more than USD15 billion in aggregate value. In 2011 alone Vista completed 21 acquisitions, including stand alone and add-on deals for its portfolio companies, making Vista one of the most acquisitive companies in the enterprise software segment. Vista has over 50 investment professionals operating out of Austin TX, Chicago IL and San Francisco CA.

"VEPF IV will continue to build on Vista’s track record of creating value through the transformation of enterprise software, content and data driven businesses," says Smith. "We are excited to have added a significant number of new LP relationships to the group of amazing limited partners which have supported us as we continue executing our strategy."

 

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