Vista Equity Partners

This year's winning transactions set themselves apart in a challenging year for dealmakers.

With this transaction, Vista gained a vertical SaaS platform with a strong position in one of the fastest consolidating segments of U.S. healthcare.

Arlington is betting on government-services businesses even as PE buyers grapple with slower deal flow, political spending cuts, and a shifting landscape that has turned a once-defensive sector into a complex test of strategy and scale.