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New Deal


Announced

Silver Lake to invest $500m in Vertex.

Financials

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Transaction Value£397m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United States

tax compliance software

Software

Acquisition

Minority

Domestic

Private Equity

Public

Pending

Friendly

Single Bidder

Synopsis

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Silver Lake, a private equity firm, agreed to invest $500m in Vertex, a global provider of indirect tax solutions. "Silver Lake has long regarded Vertex as an important pioneer, innovator and leader in enterprise technology solutions for global indirect tax compliance. Adding e-invoicing via Pagero will provide even more value to customers seeking end-to-end integration and automation. We are grateful for the opportunity to work with CEO David DeStefano and Vertex’s management in developing a long-term partnership between our firms," Joe Osnoss, Silver Lake Managing Partner.

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