2017

YEAR IN REVIEW

ABOUT VISTA EQUITY PARTNERS

With more than $31 billion in cumulative capital commitments, Vista Equity Partners invests in enterprise software, data, and technology-enabled organizations led by world-class management teams with a long-term perspective. We are a value-added investor, contributing professional expertise and multi-level support to help companies realize their full potential. Our investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield both flexibility and opportunity.

50

Transactions

COMPLETED BY VISTA IN 2017

2017 INVESTMENTS

In 2017, the firm completed 43 investments and 7 monetizations, deployed over $5 billion in capital and continued to partner with executives to build market-leading companies.1

PLATFORMS

MERGERS & ADD-ONS

MONETIZATIONS

Top Software Investor of the Past Decade2

INVESTMENT CRITERIA

  • FOCUS

    Software, data, and
    technology companies

  • ENTERPRISE VALUE

    $20MM to over $10BN, smaller for add-ons

  • COMPANY SIZE

    >$10MM of recurring revenue, smaller for add-ons

  • STABILITY

    Loyal customer base with
    high renewal rates

  • DIVERSIFICATION

    Limited customer
    concentration

  • WELL-POSITIONED

    Current or potential
    market leaders

  • GROWTH POTENTIAL

    Revenue and margin
    opportunities

Over

$31 BILLION

IN CUMULATIVE CAPITAL COMMITMENTS

Current Vista portfolio companies represent the 4th largest enterprise software company in the world3

GLOBAL REACH

55,000+
Portfolio company employees
220 MM+
USERS OF OUR SOFTWARE
800,000+
CUSTOMERS
175+
COUNTRIES4
50+
COMPANIES

THE VISTA PLATFORM

Vista offers both financial and intellectual capital in partnership with management teams to create value in the companies we invest in. We offer proven strategies for both operational scale and sustainable growth.

350+

OPERATING
EXECUTIVES

110+

OPERATING
EXPERTS (VCG)

110+

INVESTMENT
PROFESSIONALS

100+

BEST
PRACTICES

Vista has completed over 300 private equity transactions representing over

$97 BN+

IN TRANSACTION VALUE

Top Performing PE Firm Worldwide5

1. Information regarding all of the firm’s current and prior investments is available on Vista’s website.

2. Source: https://pitchbook.com/newsletter/us-pes-top-7-software-investors-of-the-past-decade

3. As of 9/30/17. Source: Capital IQ. Reflects Vista Equity Partners investment portfolio ranked by LTM EBITDA against top 10 public software companies by enterprise value.

4. Current and prior Vista Portfolio Companies as of 9/30/17.

5. Reflects HEC-Dow Jones 2014, 2015, and 2016 annual rankings. HEC-Dow Jones 2014 ranking based off of PE firms that raised funds during the 2000 to 2009 period. HEC-Dow Jones 2015 ranking based off of PE firms that raised funds during the 2002 to 2011 period. HEC-Dow Jones 2016 ranking based off of PE firms that raised funds during the 2003 to 2012 period. See Disclosures for more information regarding rankings.
Note: Past performance is not necessarily indicative of future results. There can be no assurance that historical trends will continue during the life of any VEP fund. See "Important Disclosures" for more information regarding rankings.



Disclosures: Certain performance rankings described herein (the "Rankings"), including but not limited to the 2014, 2015, and 2016 HEC-Dow Jones Private Equity Performance Ranking, were prepared by third parties using data, including but not limited to fund performance data, gathered through surveys, databases and other sources. The Rankings do not include information on all applicable private equity funds available for investment or all vintages of such private equity funds and therefore are necessarily incomplete. In particular, the Rankings do not include the results of private equity funds that were raised prior to or subsequent to the cut-off dates specified in the criteria for such Rankings. Inclusion of such private equity funds could materially affect the relative positioning of the private equity firms shown in the Rankings. In addition, the Rankings make certain assumptions and weightings, and other assumptions or weightings could lead to materially different results. Because the methodologies of the Rankings are proprietary, it is not possible for a private equity firm to assess the universe of private funds included, including an assessment of whether such funds have investment programs or risk/return profiles similar to that of the funds managed by such firm. Use of other methodologies might lead to a private equity fund or firm being ranked in a materially different position. In addition, any Ranking that represents an aggregate performance of any private equity firm's funds, including but not limited to the 2014, 2015, and 2016 HEC-Dow Jones Private Equity Performance Ranking, is not necessarily indicative of any one investor's experience. For the foregoing and other reasons, the Rankings may not be an appropriate measure by which to assess the performance of any private equity fund. HEC-Dow Jones 2014 ranking based off of PE firms that raised funds during the 2000 to 2009 period. HEC-Dow Jones 2015 ranking based off of PE firms that raised funds during the 2001 to 2011 period. HEC-Dow Jones 2016 ranking based off of PE firms that raised funds during the 2003 to 2012 period. These firms must have at least 2 funds with 1 year of full performance information available, raised at least $1BN during these time periods, and span at least 10 observation years (the sum of the 'age' of all funds as of October of the rankings year).


This document is intended to provide general information regarding Vista’s private equity investing expertise and not for the purpose of soliciting investors for any Vista Fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant Vista Fund. The information provided is strictly confidential and may not be reproduced or disseminated to any third parties without the written consent of Vista. The investments shown is a complete list of transactions completed by Vista during 2017. There is no guarantee that future investments will be comparable. Certain of the transactions listed above were signed and agreed to expected to close subject to customary closing conditions and regulatory approvals (such as a shareholder vote). There can be no assurance that the acquisition will be consummated at all or on the current terms of the agreement. The past performance of previous Vista Funds and portfolio companies is not necessarily indicative of future results. Investors in Vista Funds may lose investment capital. There can be no assurance that any future Vista Funds or portfolio companies will achieve comparable results. ©2018 Vista