Bloomberg yesterday reported that merger talks have halted between the special purpose acquisition company (SPAC) Apollo Strategic Growth Capital (APSG) and Vista Equity Partners to merge with three of Vista’s automotive software portfolio companies, including Solera Holdings. According to Bloomberg, the talks involved a potential $15 billion transaction that would have merged Solera Holdings, Inc., […]
Solera Holdings Reported Considering Going Public via SPAC
According to a report in Bloomberg, Solera Holdings is considering returning to the public markets via a merger with the special purpose acquisition company (SPAC) Apollo Strategic Growth Capital (APSG). SPACs are a type of blank check company created to pool funds in order to finance a merger acquisition. They have become popular as a […]
Tony Aquila Sues Solera Alleging Breach of Separation Deal
The founder and former CEO of Solera filed a lawsuit in Delaware State Court alleging company manufactured breach of contract to avoid awarding over $100 million in stock options. Tony Aquila, the founder and former CEO of Solera who left the company earlier this year, filed a lawsuit on September 4, in Delaware state court […]