Observed Signal · Oct 19, 2022 · corporate_event · Source: SEC API · Impact: 5/5
8-K Financial Filing Analysis for Avalara (2022-10-19)
On October 19, 2022, Avalara, Inc. completed its acquisition by affiliates of Vista Equity Partners for approximately $8.4 billion in total equity consideration. Under the terms of the merger agreement, Avalara shareholders are entitled to receive $93.50 in cash per share of common stock. Consequently, Avalara requested the delisting and deregistration of its common stock from the New York Stock Exchange (NYSE), ceasing public trading prior to market open on the closing date. The transaction was financed through equity contributions from Vista Funds and co-investors, company cash on hand, and a $2.5 billion senior secured term loan facility alongside a $250 million revolving facility arranged by Owl Rock Core Income Corp. Following the acquisition, Avalara restructured its board and executive leadership, retaining CEO Scott McFarlane while appointing Vista representatives.
This marks the formal closing of Avalara's take-private transaction by Vista Equity Partners, removing a leading B2B tax compliance SaaS platform from the public equity markets.
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Key Takeaways & Evidence Grounding
- Avalara was acquired by Vista Equity Partners for $93.50 per share in cash, representing total equity consideration of approximately $8.4 billion.
- Debt financing for the transaction included a $2.5 billion term loan facility and a $250 million revolving credit facility administered by Owl Rock Core Income Corp.
- Avalara common stock was delisted from the New York Stock Exchange (NYSE: AVLR) and registration was terminated under the Exchange Act on October 19, 2022.
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8-K Financial Filing Analysis for ON24 (2026-04-01)
On April 1, 2026, ON24, Inc. announced the formal completion of its merger with Cvent Atlanta, LLC (an affiliate of Cvent, Inc.), pursuant to which Summit Sub Corp. merged into ON24, making ON24 a wholly owned subsidiary of Cvent. Under the terms of the transaction, ON24 common stockholders receive $8.10 per share in cash, representing an aggregate equity purchase price of approximately $400 million funded through cash on hand from both Cvent and ON24. Concurrently, trading of ON24 common stock on the NYSE was halted, and the company initiated delisting and deregistration proceedings under the Exchange Act.
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