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Announced

Completed

Vista Credit Partners completed a $215m investment in Updater.

Financials

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Transaction Value£175m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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relocation services

Domestic

Minority

Online and Social Platforms

Private Equity

Private

Acquisition

United States

Single Bidder

Completed

Friendly

Synopsis

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Vista Credit Partners, a strategic investor and financing partner, completed a $215m investment in Updater, a technology platform powering the relocation industry. “Updater provides a best-in-class platform that is redefining the relocation experience, providing a win-win model for both consumers and businesses. VCP looks to partner with founders of companies that have a strong market position and a mission-critical product suite, both of which we found in Updater, by providing non-dilutive capital solutions. We look forward to partnering with David and the entire Updater team as they continue to innovate and transform the market,” David Flannery, Vista Credit Partners President.

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