Kirkland & Ellis advised Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, on its acquisition of Avalara, Inc. (NYSE: AVLR), a leading provider of tax compliance automation for businesses of all sizes, in partnership with institutional co-investors for $8.4 billion. In partnering with Vista, Avalara will look to build on its successful platform by refining its go-to-market strategy, expanding its international workforce, streamlining its systems architecture, and continuing to pursue value-accretive M&A opportunities. The transaction is expected to close in the second half of 2022, subject to customary closing conditions.
The Kirkland team was led by corporate partners Sarkis Jebejian, Jonathan Davis, Joshua Ayal and Ari Levi and associates John Sheridan and Keli Huang, debt finance partners Sonali Jindal and Austin Glassman and associate Christian Rivas, executive compensation partner Rohit Nafday and associate Daniel Rios, technology & IP transactions partners John Lynn and Daisy Darvall and associate Alex Barata, employee benefits associate Mackenzie Packard, labor & employment partner Sydney Jones, international trade partners Mario Mancuso and Luci Hague, tax partner Heidi Yuen, and capital markets partner Jennifer Lee.
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