On January 9, 2007 Vista Equity Partners, through its affiliate Vista Equity Fund II, L.P, acquired Indus International Inc., a publicly traded corporation and a leading service delivery management (SDM) solution provider, by a reverse cash merger. The acquisition complements Vista's existing portfolio company, MDSI Mobile Data Solutions Inc, a provider of workforce management software. The all-cash transaction was valued at $3.85 per share for a total acquisition price of US$240.3 million.
Financing for the merger included debt financing in the amount of USD$120 million provided in two tranches by Wells Fargo Foothill, Inc.
Vista was represented in the US by Kirkland & Ellis LLP with a team led by Francesco Penati and included Marjorie Zander, Sonali Jindal, Harsha Marti and Jessica Lo, and in Canada by Davies Ward Phillips & Vineberg LLP with a team that included Nicholas Leblovic, Siobhan Monaghan, Claire Kennedy and Raj Juneja and by Davis & Company LLP with a team that included David Reid, Glenn Kumoi and Michael Todd.
Wells Fargo was represented in the US by Paul, Hastings, Janofsky & Walker LLP with a team that included John Hilson, Jennifer Yount, Katherine Bell, Joanne Yang, and Vanessa Au, in Canada by Blake, Cassels & Graydon LLP with a team comprised of Daryl Clark, Neal Wang and Samantha Richer and in Europe by Allen & Overy LLP with a team that included Helena Sprenger and Robert Hartog.