Great Hill Buys Fusion From Vista Equity Above $500 Million (1)

Private equity firm Great Hill Partners agreed to acquire a majority stake in software provider Fusion Risk Management Inc. from buyout firm Vista Equity Partners

As part of the deal, Vista will remain a minority shareholder alongside existing backers Catalyst Investors and Level Equity Management, the companies said in a statement, confirming an earlier report by Blooomberg News. Financial terms of the deal weren’t disclosed.

The agreement values the software provider for IT risk and incident management services at more than $500 million, according to a person familiar with matter, who asked not to be identified because the information ...