M&A · Tech · Services-Computer Programming, Data Processing, Etc.
Vista Equity Partners to acquire Pluralsight, Inc.
Announced Dec 13, 2020 · Closed Apr 6, 2021
Deal value$3.50BEV $3.50B
Premium11.0%To unaffected price
EV / Adj. EBITDA—9.3x EV / Revenue
ConsiderationAll cash$20.26 per share
Transaction
- Acquirer
- Vista Equity Partners
- Target
- Pluralsight, Inc. (PS)
- Buyer type
- Private equity
- Offer price per share
- $20.26
- Enterprise value
- $3.50B
- Status
- Closed Apr 6, 2021
Deal protections
- Break fee (target pays)
- $105M · 3.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Morgan Stanley
- To the target
- Qatalyst
Sector context · Tech
- Comparable deals
- 7 in the prior 24 months
- Premium
- 11.0% vs. 26.6% sector median
- EV / Adj. EBITDA
- Sector median 22.2x
- Break fee
- 3.0% vs. 2.9% sector median
Timeline
- AnnouncedDec 13, 2020
- Proxy filedJan 7, 2021
- Definitive proxyJan 29, 2021
- Shareholder voteMar 2, 2021
- ClosedApr 6, 2021