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Avalara To Go Private In $8.4B Deal With Vista Equity - Cna

by channelnewsasia.com posted 1month ago 19 views
Private Equity
:Avalara Inc said on Monday it had agreed to be acquired by private equity firm Vista Equity Partners in a deal that values the automation software platform at $8.4 billion including debt. Private equity companies have lately ramped up dealmaking activity as valuations of companies across sectors have dropped due to a sell-off triggered by high inflation and tightening monetary policy. In the first half of the year, the PE firms were the chief drivers of global dealmaking even as overall M&A hit a roadblock.

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