Vista Equity Sells LogicMonitor Stake in $2.4 Billion Deal
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.LogicMonitor 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 statementBloomberg Terminal Wednesday confirming an earlier Bloomberg News report. Vista will remain LogicMonitor...
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