Vista Equity Sells LogicMonitor Stake in $2.4 Billion Deal

Bloomberg11-20

(Bloomberg) -- Vista Equity Partners has reached an agreement to sell a minority stake in LogicMonitor Inc. to a group of investors in a deal valuing the IT infrastructure monitoring platform at about...

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Vista will remain LogicMonitor’s controlling shareholder.Bloomberg News reported in March that Vista was working with financial advisers to explore options for LogicMonitor. Founded in 2007 and led by Chief Executive Officer Christina Kosmowski, the Santa Barbara, California-based company provides a cloud-based, AI-powered performance monitoring platform for enterprise IT, managed service providers and small and midsize businesses.LogicMonitor will use the investment to accelerate platform expansion through mergers and acquisitions, enter","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4017":"黄金","BK4127":"投资银行业与经纪业","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4516":"特朗普概念","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","MS":"摩根士丹利","BK4215":"住宅房地产投资信托","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","VGZ":"Vista Gold Corp","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4504":"桥水持仓","EVR":"Evercore","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0971096721.USD":"富达环球金融服务 A","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4588":"碎股","EQR":"资产住宅公司","LU0106831901.USD":"贝莱德世界金融基金A2","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4581":"高盛持仓","LU1548497426.USD":"安联环球人工智能AT Acc"},"translate_title":"Vista Equity以24亿美元的价格出售LogicMonitor股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VGZ":1,"EQR":1,"MS":0.9,"EVR":0.9},"content_text":"(Bloomberg) -- Vista Equity Partners has reached an agreement to sell a minority stake in LogicMonitor Inc. to a group of investors in a deal valuing the IT infrastructure monitoring platform at about $2.4 billion, including debt.\nLogicMonitor is receiving $800 million in new equity and strategic financing from an investor consortium that includes PSG Equity, Golub Capital and others, according to a statement Wednesday confirming an earlier Bloomberg News report. Vista will remain LogicMonitor’s controlling shareholder.\nBloomberg News reported in March that Vista was working with financial advisers to explore options for LogicMonitor. Founded in 2007 and led by Chief Executive Officer Christina Kosmowski, the Santa Barbara, California-based company provides a cloud-based, AI-powered performance monitoring platform for enterprise IT, managed service providers and small and midsize businesses.\nLogicMonitor will use the investment to accelerate platform expansion through mergers and acquisitions, entering new markets globally and diversifying into new verticals, according to the statement.\nVista acquired LogicMonitor in May 2018 through its Vista Foundation Fund III for about $415 million, according to data provider PitchBook.\nThe company has scaled organically over 650% since Vista’s investment in mid-2018, according to Patrick Severson, co-head of Vista’s Foundation Fund, and Ryan Atlas, managing director at Vista. “Over the course of our partnership, LogicMonitor has broadened its solution suite from infrastructure performance monitoring to AI-powered hybrid observability and meaningfully extended its global customer and employee base.”\nEvercore Inc. and Morgan Stanley advised LogicMonitor on the transaction.\n(Updates throughout with confirmation.)\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484614536"}