Vista has not decided what financing route it wants to take and is discussing terms with competing groups of lenders, according to the report, which cited unnamed sources.
Jaggaer and Vista announced the acquisition earlier this month, although the terms of the deal were not disclosed.
“This new partnership with Vista underscores Jaggaer’s strong momentum and the compelling value our intelligent software delivers by helping our customers manage and automate complex processes while enabling a highly resilient, responsible and integrated supplier base,” Jaggaer CEO Andy Hovancik said at the time in a press release.
“Jaggaer provides configurable source-to-pay and supplier collaboration software for direct and indirect procurement processes through a single, unified platform,” the release said. Its artificial intelligence-enabled solutions “help optimize and automate sourcing, spend management, contracting, eProcurement, invoicing and supply chain visibility.”
Private equity groups Apollo, Ares, KKR and Blackstone reportedly invested $162 billion between April and June in anticipation of a revival in deal-making. Apollo’s contribution accounted for more than 40% of the total.
Executives said they are readying for an increase in mergers and buyouts as they wait for central banks to reduce interest rates.
