Vista Equity Partners nears $4 billion buyout of EngageSmart - WSJ (updated)

EngageSmart

23/10/2023 13:03

(Adds details from report in paragraph 2 and shares in
paragraph 3)
       Oct 23 (Reuters) - Vista Equity Partners is close to a
$4 billion deal to acquire payments software vendor EngageSmart
 ESMT.N , a sizable buyout at a time when many private-equity
firms are sitting on the sidelines, the Wall Street Journal
reported on Monday.
    Shares of EngageSmart rose more than 10% in trading before
the bell. 
    Under the terms of the deal, shareholders in EngageSmart
would receive $23 per share in cash, the report said, citing
people familiar with the situation. 
        Vista Equity Partners and EngageSmart did not
immediately respond to Reuters' request for comment.
  
        
  

        
  
        
  

    

 (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by
Dhanya Ann Thoppil)
 ((Samrhitha.A@thomsonreuters.com))