Vista Equity Reportedly Nears Deal To Buy Solera For $6.5 Bln, Incl. Debt

(RTTNews) - Vista Equity Partners is nearing a deal to buy Solera Holdings Inc. (SLH), a provider of software to the automotive and property marketplace, for $6.5 billion including debt, Bloomberg reported citing a person familiar with the matter.

The report indicated that Vista will pay $55.85 per share in cash for the company. That price would carry a 13 percent premium to Solera's closing stock value on Friday. Investors joining Vista include Broad Street Principal Investments, a Goldman Sachs Group affiliate, and an investment subsidiary of Koch Industries.

Last month, Solera Holdings announced that it was exploring a variety of strategic alternatives. The company also stated that as part of the process, the Board of Directors has formed a special committee, which has retained Centerview Partners LLC as its financial advisor and Sullivan & Cromwell as its legal advisor. The Company has retained Rothschild, Inc. as its financial advisor.

Solera Holdings then reported that its fourth-quarter net loss was $146.8 million or $2.19 per share compared with a profit of $8.8 million or $0.13 per share last year.