Billionaire Robert F. Smith’s Vista Equity Partners has agreed to acquire a majority stake in Acquia Inc. in a transaction valuing the enterprise software company at close to $1 billion, including debt, according to people with knowledge of the matter.
The technology-focused private equity firm confirmed the deal in a statement Sept. 24 without disclosing financial terms. It couldn’t immediately be learned how much Vista was investing in the company. Several existing investors of Acquia will retain stakes.
Vista declined to comment on the financial terms.
Vista’s CEO, Chairman and Founder Smith said in a statement that Acquia is...