Acumatica to be Acquired by Vista Equity Partners from EQT

Deal News | May 29, 2025 | PR Newswire Cision EQT

The private equity firm EQT has announced an agreement to sell Acumatica, a leading cloud ERP and business management software platform, to Vista Equity Partners. This transaction marks a significant milestone in Acumatica's growth journey since EQT's initial investment in 2019. Under EQT's ownership, Acumatica has transformed into a scalable, vertical business management platform, with substantial investments in product innovation and ecosystem expansion. Acumatica, founded in 2008, has become one of the leading ERP platforms, serving over 10,000 customers worldwide with its AI-powered solutions that enhance operational efficiency and decision-making for small and mid-sized enterprises. This sale is expected to close in Q3 2025, subject to regulatory approvals. The transaction was advised by Moelis & Company LLC, Jefferies Group LLC, and legal counsel from Simpson Thacher & Bartlett LLP.

Sectors

  • Cloud Computing
  • Private Equity

Geography

  • United States – The transaction involves major companies such as EQT and Vista Equity Partners, and Acumatica operates and serves a global market with a significant presence in the U.S.

Industry

  • Cloud Computing – The article discusses Acumatica's success and growth as a cloud-based ERP platform and its sale, indicating the importance and growth of cloud computing solutions.
  • Private Equity – EQT's sale of Acumatica to Vista Equity Partners involves the private equity industry, highlighting strategic investment exits and acquisitions.

Financials

    Participants

    NameRoleTypeDescription
    AcumaticaTarget CompanyCompanyA leading cloud ERP and business management software provider serving small to mid-sized enterprises globally.
    EQTSelling CompanyCompanyA global investment firm that initially invested in Acumatica in 2019 and has agreed to sell it to Vista Equity Partners.
    Vista Equity PartnersBidding CompanyCompanyAn investment firm specializing in software, data, and technology-enabled businesses, which will acquire Acumatica.
    Moelis & Company LLCFinancial AdvisorCompanyServed as the lead financial advisor for the transaction between EQT and Vista Equity Partners.
    Jefferies Group LLCFinancial AdvisorCompanyAlso acted as an advisor in the Acumatica transaction.
    Simpson Thacher & Bartlett LLPLegal CounselCompanyProvided legal counsel to Acumatica and EQT for the transaction.
    Greenberg Traurig LLPLegal CounselCompanyServed as legal counsel to Vista Equity Partners.
    John CaseCEOPersonCEO of Acumatica, overseeing its growth and strategic initiatives.
    Rob MacleanPartnerPersonPartner within EQT's Private Equity Advisory Team involved in Acumatica's strategic direction.