Vista Equity Partners Chief Executive Robert F. Smith.
Photo: JEENAH MOON/REUTERSVista Equity Partners is close to a $4 billion deal to acquire business-software company EngageSmart , a sizable buyout at a time when many private-equity firms are sitting on the sidelines.
Under the terms of the deal, shareholders in the customer engagement and payments software specialist would receive $23 per share in cash, according to people familiar with the situation.
The deal could be announced as soon as Monday, barring any last-minute snags.
Persons:
Robert F, Smith
Organizations:
Vista Equity Partners, REUTERS Vista Equity Partners