Latham & Watkins Represents BlackRock in US$500 Million Investment in Avalara

Avalara, Inc., the agentic tax and compliance leader, has announced it has closed an equity investment from an investor group led by BlackRock’s Private Financing Solutions group. Vista Equity Partners, which first invested in Avalara in 2022, will remain the company’s majority shareholder. All of the proceeds will be used to purchase shares from existing shareholders.

Latham & Watkins LLP represents BlackRock in the equity investment with a team led by partner Stelios Saffos, Global Chair of Latham’s Capital Markets Practice, and partners Peter Sluka and John Miller, with associates Ian Lachow, Yulong Li, and Samantha Pannone. Advice was also provided on tax matters by partners Jocelyn Noll and Pardis Zomorodi; and on regulatory matters by partner Patrick English and counsel Philipp Studt and Wesley Lepla.