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Vista exits Apptio in $4.6bn sale to IBM; Thoma Bravo discusses Nasdaq-Adenza deal

Happy Monday, Hubsters. MK Flynn here with the Wire.

The week is off to a great start in dealmaking with a big exit announced by Vista Equity Partners earlier this morning.

The tech-focused PE firm is selling Apptio to IBM for $4.6 billion. We’ve got the details below.

Also on the tech theme, we’ve got an interview with Thoma Bravo’s Holden Spaht about a transaction involving the Nasdaq stock exchange and fintech specialist Adenza.

And we’ve got a Pride Month interview with Hamilton Lane.

Big deal

As mentioned above, Vista has agreed to sell Apptio to IBM for $4.6 billion.

The news is especially welcome in these exit-challenged days when many buyers and sellers are struggling to agree on transaction terms.

Subscribers to the premium version of the Wire may learn all about the deal and other exits Vista has scored this year.

A lot of upside

Thoma Bravo expects its new investment in Nasdaq to reap dividends as the market buys into the multinational financial services company’s focus on technology, managing partner Holden Spaht told PE Hub Europe’s Craig McGlashan.

PE Hub premium subscribers may access the interview here.

Active allyship

The weekend was jam-packed with Pride Month activities here in New York, including the NYC Pride March and the PrideFest street fair.

Throughout June, PE Hub Europe’s Nina Lindholm has been speaking with members of the LGBTQ+ community who work in private equity.

PE Hub premium subscribers may view Nina’s conversation with Ada Pospi, an associate on the secondaries investment team at Hamilton Lane, based in the firm’s London office.

We’ll have more interviews from the LGBTQ+ private equity community later in the week.

That’s all for today. I’ll be back with more tomorrow.

All the best,

MK

Read the full wire commentary on PE Hub...

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