Daily News: March 14, 2019

VCP Agents $175MM Global Recap of Meltwater


Vista Credit Partners (VCP), the credit-lending arm of Vista Equity Partners, led a $175 million global recapitalization for Meltwater, a provider of media intelligence solutions. VCP served as administrative agent and sole lender on the transaction.

For Meltwater, a partnership with VCP means an influx of resources, capital support, and institutional knowledge of the enterprise software sector.

“VCP’s investment in Meltwater is a sign of both the incredible progress this company has made since its founding in 2001, and its potential for continued accelerated growth. The VCP team employed a solutions-oriented approach to the deal and provided speed and certainty to execute the financing in an expeditious manner,” said Meltwater founder and CEO Jorn Lyseggen. “We are excited about our partnership with Vista, which will allow us to further invest in our products, adding value for our current customers and setting us up for expanded organic growth.”

Headquartered in San Francisco, Meltwater has 2,000 employees in 55 offices spread throughout North America, Europe, Asia, Africa, Australia, and South America. Today, more than 30,000 companies around the world use Meltwater solutions to monitor traditional and social media to gain insights on relevant trends and conversations across the media landscape.

“We are thrilled that this significant direct lending investment is in a company as strong and innovative as Meltwater, and we look forward to helping Jorn and his leadership team realize their vision of continued growth and innovation,” said VCP President David Flannery. “Increasingly, founders and CEOs in the software and tech space are looking to direct lending as a way to bring in new capital while maintaining ownership of their company, and I believe Vista’s strong track record in the industry should position us well in the future. Meltwater, with its strong leadership, talent, and position in the media intelligence market is an ideal partner for us, and we are excited about what lies ahead.”

Meltwater was advised by Code Advisors on the financing with DLA Piper providing legal counsel. VCP was represented by Akin Gump Strauss Hauer & Feld.

Vista Credit Partners is a strategic investor and financing partner focused on the growing enterprise software, data, and technology market. Since formation in 2013, VCP has deployed over $3.3 billion and grown to over $2.1 billion of assets under management.