Vista Equity Partners nears $4 billion buyout of fintech company EngageSmart: Report

Vista Equity Partners is close to a $4 billion deal to acquire payments software vendor EngageSmart , a sizable buyout at a time when many private-equity firms are sitting on the sidelines, the Wall Street Journal reported on Monday.

Shares of EngageSmart rose more than 10% in trading before the bell.

Under the terms of the deal, shareholders in EngageSmart would receive $23 per share in cash, the report said, citing people familiar with the situation.


Vista Equity Partners and EngageSmart did not immediately respond to Reuters' request for comment.