Solera announces financing commitment for its acquisition by Vista

By Wendy Van Sickle

Columbus, Ohio, Sept. 14 – Solera Holdings, Inc. announced new debt financing committed to by Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC will fund part of its acquisition by an affiliate of Vista Equity Partners in a Monday press release.

Existing debt financing, as well as a common and preferred equity contributions by investment funds affiliated with Vista, Koch Equity Development and an affiliate of Goldman Sachs & Co., also will be used in the transaction, according to the release.

The transaction is valued at $6.5 billion, which includes Solera’s existing net debt.

Under the merger agreement, Vista will acquire 100% of the outstanding shares of Solera common stock for $55.85 per share. The deal is expected to close no later than the first calendar quarter of 2016.

Solera is a San Ramon, Calif., provider of software and services to the automobile insurance claims processing industry. Vista Equity Partners, is a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco.

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