Vista Equity Partners acquire Accelya, stock surges

Vista Equity Partners, a leading investment firm focused on enterprise software, data, and technology-enabled businesses, has acquired Accelya, a major global provider of financial, commercial, and analytics solutions to the airline and travel industry.

Vista’s investment in Accelya is the first one, made by the firm's permanent capital investment fund, Vista Equity Partners Perennial. It focuses on industry-leading vertical software companies through long-term investments in product expansion and feature enhancement.

Like Vista's other investment strategies, Perennial invests in mission-critical, enterprise software businesses, seeking to sustain market leadership and advance product innovation. The Perennial strategy is differentiated by its permanent capital structure, which allows it to pursue longer-term value creation opportunities in partnership with companies and their management teams by providing both, capital and expertise, to accelerate their success.

Bank of America Merrill Lynch and Evercore served as the financial advisors to Accelya and Warburg Pincus. Kirkland & Ellis acted as the legal advisor to Warburg Pincus. For Accelya, Socios Financieros served as the management team's advisor and Squire Patton Boggs served as the legal advisor. Goldman Sachs and Houlihan Lokey served as the financial advisors and Simpson Thacher served as the legal advisor to Vista.

Accelya has been at the forefront of travel and transport for more than 40 years and provides solutions, spanning the airline lifecycle, encompassing financial, commercial, and cargo and logistics processes to over 400 clients across the world. Accelya's mission-critical insights, solutions and services allow customers to stay at the leading-edge of industry change and provide scaled industry platforms that process more than 5 billion financial transactions annually.

On Tuesday, the stock of Accelya Solutions has opened gap up at Rs. 1,150 from previous close of Rs. 1,069.35. In the early morning session, it surged 11.5 per cent to Rs. 1,191.75.