Vista Equity Sells LogicMonitor Stake in $2.4 Billion Deal

Vista Equity Partners has reached an agreement to sell a minority stake in LogicMonitor Inc. to a group of investors in a deal valuing the IT infrastructure monitoring platform at about $2.4 billion, including debt.

LogicMonitor is receiving $800 million in new equity and strategic financing from an investor consortium that includes PSG Equity, Golub Capital and others, according to a statement Wednesday confirming an earlier Bloomberg News report. Vista will remain LogicMonitor’s controlling shareholder.

Bloomberg News reported in March that Vista was working with financial advisers to explore options for LogicMonitor. Founded in 2007 and led by ...