Vista Equity Partners has agreed to buy workforce development company Pluralsight, Inc. for $3.5 billion.
Vista made the deal in partnership with co-investors, including Partners Group. Vista focuses on enterprise software, data and technology-related businesses. Pluralsight helps with skills development for their clients’ technology workforce. Upon completion of the deal, Pluralsight, which is currently listed on the Nasdaq, will become a privately held company.
Qatalyst Partners is serving as financial advisor to Pluralsight and Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal counsel. For Vista, Morgan Stanley is serving as financial advisor, and Kirkland & Ellis is serving as legal counsel.