Westlake, Texas-based Solera Holdings Inc., parent company of Lynx Services, has a new owner.
Vista Equity Partners says it has acquired the company for $55.85 per share in cash (the Merger). The New York Times puts that at a $6.5 billion transaction.
Vista Equity Partners is a private equity firm focused on investing in software and technology-enabled businesses. It has more than $14 billion in cumulative capital commitments, according to its website.
The acquisition is still subject to “certain other closing conditions, including clearance by the Russian Federation antitrust authorities,” according to the release, but is expected to occur “in the early part of the first quarter of 2016.”