(Bloomberg) -- Vista Equity Partners is in talks with both Wall Street banks and direct lenders to obtain around $1 billion of debt financing to support its acquisition of software company Jaggaer, according to people with knowledge of the matter.
Austin, Texas-based Vista hasn’t yet decided which financing route to pursue and is discussing terms with competing lender groups, said the people, who requested anonymity discussing confidential information.
A spokesperson for Vista declined to comment.
Vista agreed to acquire Jaggaer from Cinven earlier this month in a deal that could value the software company at close to $3 billion, Bloomberg previously reported.
North Carolina-based Jaggaer specializes in procurement solutions to businesses, including invoice and supply chain management.
©2024 Bloomberg L.P.
