Brief: Engagesmart Agrees To Be Acquired By Vista Equity Partners For $4.0 Billion

EngageSmart

23/10/2023 13:12

Oct 23 (Reuters) - EngageSmart Inc  ESMT.N :
    * ENGAGESMART AGREES TO BE ACQUIRED BY VISTA EQUITY PARTNERS
FOR
$4.0 BILLION
    * ENGAGESMART AGREES TO BE ACQUIRED BY VISTA EQUITY PARTNERS
FOR
$4.0 BILLION
    * ENGAGESMART INC - SHARES OF ENGAGESMART TO BE ACQUIRED FOR
$23.00 PER SHARE IN CASH
    * ENGAGESMART INC - TRANSACTION IS EXPECTED TO CLOSE IN Q1
OF 2024
    * ENGAGESMART - UPON COMPLETION OF DEAL, AFFILIATES OF VISTA
TO
HOLD ABOUT 65%,AFFILIATES OF GENERAL ATLANTIC TO HOLD ABOUT 35%
OF OUTSTANDING EQUITY
    * ENGAGESMART INC - VISTA INTENDS TO FINANCE TRANSACTION
WITH
FULLY COMMITTED EQUITY FINANCING THAT IS NOT SUBJECT TO A
FINANCING CONDITION

Source text for Eikon:  ID:nBw3nhXFTa 
Further company coverage:  ESMT.N 

 ((Reuters.Briefs@thomsonreuters.com;))