Ending weeks of speculation, the software and services provider to collision repair, automotive and insurance industries announces a deal to sell the company to a private equity firm.
Solera Holdings, Inc. last night announced that it has entered into an agreement to be acquired by an affiliate of Vista Equity Partners in a transaction valued at approximately $6.5 billion, including the existing net debt of Solera. Other key investors include an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc., and an affiliate of Goldman, Sachs & Co.
The announcement brings to a close
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