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...Earlier this year, Vista borrowed $1.5bn secured against its portfolio companies, the FT previously reported. Some of the money was used to pay investors....
...Several of Vista’s senior dealmakers, including Brian Sheth and Alan Cline, left following the settlement....
...Vista used a similar manoeuvre in its $4.6bn sale of events planning software company Cvent to Blackstone in March....
...The new conditions will test industry giants such as Blackstone and Carlyle, and dozens of fast-growing firms including Thoma Bravo, Vista Equity Partners and Platinum Equity, which have seen their assets...
...In the case of Finastra, Vista was struggling to take out a junior loan and lenders were pushing it to make a cash infusion....
...Vista was forced to turn to lenders in the burgeoning $1.5tn private credit industry instead of banks....
...Vista declined to comment....
...slicks and the plaintive, warming pink notes of a balloon seller waving his wares: Monet’s “Boulevard des Capucines” (1873), the teeming vista of a city that knew itself to be the capital of the 19th century...
...There’s a new gondola and chairlift, the beginners’ area has been moved up to the “Greenhorn Ranch” at mid-mountain, and there are 650 acres of new experts’ terrain at Mahogany Ridge....
...— El Teide, loftiest point in Spain, whose bald, greyscale bulk crowns every inland vista....
...There he met a series of Vista executives including Robert Smith, the billionaire founder and another heavy hitter, Brian Sheth....
...freezing order against Gupta’s Liberty House (FT) Atom takes valuation hit as it raises £100mn in new equity (FT) India tightens foreign investor rules after Hindenburg report on Adani (FT) Blackstone and Vista...
...At the PE conference in Berlin, Robert Smith, founder of Vista Equity Partners, called on business leaders to help resolve the tensions....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...Specialised buyout groups such as Thoma Bravo and Vista Equity Partners have in recent months turned to private lenders and large equity backers such as sovereign wealth funds to assemble financing packages...
...More than a dozen banks were forced to put up their own cash to fund Vista Equity Partners and Elliott Management’s takeover of Citrix after investors balked at financing the debt package....
...On a high mountain ridge, before the firescape began, we were guided by a local delivery worker to a vista of blue anchusas and yellow verbascums, interspersed with grey-flowered Echium italicum, carpets...
...The same could be said of the vistas at Salt Water Farm cooking school in Maine, where students look out over Penobscot Bay while feasting at a long table under a grape arbour....
...Morgan Stanley led a $1bn credit facility for Blackstone’s $4.6bn acquisition of Cvent, which is majority owned by Vista Equity Partners....
...Vista declined to comment. Shareholders in some publicly listed software companies have put up resistance to the takeover prices being offered for their investments....
...Elliott’s power has grown in recent years as Cohn has built an internal private equity unit and cultivated relationships with buyout giants such as Thoma Bravo, Vista Equity and Veritas Capital....
...Banks in September were only able to sell a fraction of the debt tied to Elliott Management and Vista Equity Partners’s $16.5bn leveraged buyout of software maker Citrix, and ended up holding $6.45bn of...
...But as banks have had to increase the discounts on that debt they are staring down losses of hundreds of millions of dollars. BofA, Credit Suisse, Vista and Elliott declined to comment....
...Interest was so scant that one of the investors to buy $1bn worth of the bonds was Elliott Management — which along with Vista Equity Partners is also one of the two private investment groups buying out...
...Last year, Vista bid on Blue Prism, a robotics automation software company, before dropping out of the takeover effort....
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