EQT to Purchase Software Company Avetta for $3bn in Deal with Welsh Carson

Private equity firm EQT it has agreed to buy compliance software maker Avetta from Welsh, Carson, Anderson & Stowe (WCAS).

EQT had prevailed in a sale process run by Avetta’s owner Welsh Carson, valuing the company at roughly $3 billion, including debt.

The Stockholm, Sweden-based private equity firm is buying Avetta through its EQT X fund.

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he deal comes at a time when global supply chains have seen significant disruptions due to geopolitical turmoil and natural disasters. Major corporations are ramping up spending and looking to create resilient supply chains in a bid to minimize risk.

Avetta’s software helps companies monitor their supply chains. Founded in 2003, the Lehi, Utah-based firm’s offerings are used in more than 130 countries, according to its website.

Source: Reuters

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