U.S. TA Associates, Vista Equity to buy Aptean in $1 billion deal

U.S. private equity firms TA Associates and Vista Equity Partners have agreed to jointly invest in enterprise software solutions provider Aptean in a transaction valued at around $1 billion.

TA Associates and Vista will be equal partners, each committing new equity to buy Aptean from the separate Vista fund that initially infused in the company in 2012.

Aptean said that the deal will equip it with the external resources, capital, and expertise to further bolster and accelerate as the market leader in manufacturing enterprise resource planning, supply chain and vertically-focused compliance solutions internationally.

The deal, subject to customary closing conditions, is anticipated to be wrapped up during the second quarter of 2019.