Key takeaways
- Vista Equity Partners is a private investment firm focused on technology.
- Duck Creek is an insurance software company that went public in 2020 but has seen its shares fall significantly since then.
- The companies announced a deal where Vista Equity Partners would take Duck Creek private, paying a nearly 50% premium for the company’s shares.
Large companies going private has recently been a topic in the news, mainly due to Elon Musk’s purchase of Twitter. Another recent instance of a business going private is Duck Creek, a Boston-based insurance software company.
Investment firm Vista Equity Partners announced that it would acquire the company for cash and take it private. These kinds of takeovers represent opportunities for investors and indicate where major players think the market is going.
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