Vista to Acquire Accelya
11.18.19
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Simpson Thacher is representing Vista Equity Partners in connection with its proposed acquisition of Accelya. Accelya is currently a portfolio company of Warburg Pincus. The transaction is subject to customary closing conditions and regulatory approvals. In jurisdictions where it is required to do so, Vista will take appropriate steps to comply with any mandatory open offer requirements. Financial terms were not disclosed.
Accelya is a leading global provider of technology platforms, software and services to the travel and transport industry. Accelya has been delivering business-critical financial, commercial, cargo and analytics solutions for more than 40 years. With over 200 airline customers, and operations spread across 14 countries, Accelya employs over 2,500 professionals worldwide.
Vista is a leading investment firm focused on enterprise software, data and technology-enabled businesses. Vista’s investment in Accelya is the first made by the firm’s permanent capital investment fund Vista Equity Partners Perennial , which is focused on growing industry-leading vertical software companies through long-term investments in product expansion and feature enhancement.
The Simpson Thacher team includes Derek Baird, Gary Horowitz, Jakob Rendtorff, Chris Vallance and Alan Davies (M&A); Genevieve Dorment (Intellectual Property); and William Smolinski (Tax).