Acumatica Shifts Ownership to Vista Equity Partners
Deal News | May 29, 2025 | EQT
EQT, through its EQT VII fund, has announced the sale of Acumatica, a cloud ERP and business management software platform, to Vista Equity Partners. Under EQT's ownership since 2019, Acumatica has undergone a substantial transformation, expanding its product innovation, ecosystem, and market reach. Its technology facilitates better decision-making and operational efficiency for small and mid-sized enterprises. Acumatica has achieved 7x revenue growth and increased employee headcount by more than threefold since EQT's investment. The company is recognized for its AI-enhanced solutions tailored to different industry needs, supporting over 10,000 customers. This transaction is expected to finalize by Q3 2025, contingent upon customary approvals.
Sectors
- Software Development
- Private Equity and Venture Capital
Geography
- United States – Acumatica and several advisory firms involved are based in the USA, and the transaction concerns the U.S. market.
- Global – EQT is a global investment organization with assets around the world, and Acumatica serves customers globally.
Industry
- Software Development – The article focuses on Acumatica, a provider of cloud ERP and business management software.
- Private Equity and Venture Capital – The transaction involves EQT, a private equity firm, which is selling Acumatica to another private equity firm, Vista Equity Partners.
Financials
- EUR 273 billion – Total assets under management by EQT as of March 31, 2025.
- EUR 142 billion – Fee-generating assets under management by EQT as of March 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Acumatica | Target Company | Company | A cloud ERP and business management software platform serving small to mid-sized enterprises. |
| EQT | Selling Company | Company | A global investment firm owning the EQT VII fund, which is selling Acumatica. |
| Vista Equity Partners | Bidding Company | Company | A private equity firm acquiring Acumatica. |
| Moelis & Company LLC | Lead Financial Advisor | Company | Served as the lead financial advisor for the transaction. |
| Jefferies Group LLC | Financial Advisor | Company | Also acted as a financial advisor in the deal. |
| Simpson Thacher & Bartlett LLP | Legal Counsel | Company | Provided legal counsel to Acumatica and EQT. |
| Greenberg Traurig, LLP | Legal Counsel | Company | Provided legal counsel to Vista Equity Partners. |