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SmartBear Secures Investment from Vista Equity Partners

October 26, 2020

San Francisco – Paul Hastings LLP, a leading global law firm, represented Francisco Partners and SmartBear, a leading provider of software development and quality tools, in securing an investment from Vista Equity Partners. Francisco Partners, which acquired SmartBear in 2017, will be equal co-owners of SmartBear with Vista Equity Partners.

SmartBear solutions span the entire software delivery lifecycle and enable organizations to reduce costs and accelerate time to market. The investment from Vista will enable SmartBear to broaden and strengthen its solutions as well as identify opportunities for continued organic and inorganic growth.

M&A Partner Jeff Wolf led the Paul Hastings team, which also included partners Mike Kennedy, Dan Stellenberg, and Jim Smulkowski; of counsel Michael Wise; and associates Erica Lee, Lisa Chan, Ryan Enchelmayer, Mary Walser, and Kami LaBerge.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.