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5 January 20225 minute read

DLA Piper advises Salesloft in its majority financing by Vista Equity Partners valued at US$2.3 billion

DLA Piper represented Salesloft, an Atlanta-based sales engagement software company, in the financing and acquisition of a majority stake in the company by Vista Equity Partners, valuing Salesloft at US$2.3 billion.

Salesloft’s sales engagement platform helps industry-leading companies generate more revenue and deliver better experiences to their customers. DLA Piper has advised Salesloft as company counsel since its earliest days of development, including negotiating and managing its US$100 million Series E round in 2021 and its US$70 million Series D round in 2019.

“It was a pleasure to once again work with Salesloft in this major milestone transaction with Vista Equity Partners, bringing together our extensive experience advising high-growth technology companies on complex transactions,” said Jeffrey Leavitt, the DLA Piper partner who led the firm’s deal team. “Salesloft has operations across the country and the world, with multiple international offices and product offerings in various foreign jurisdictions. DLA Piper’s broad capabilities across the spectrum of regional and regulatory knowledge was critical in getting this deal done.”

In addition to Leavitt (Atlanta), the DLA Piper team advising Salesloft included Puja Vadodaria, JJ Gotlieb, Gabrielle Carusello, Austin McCarthy, Brad Verona, James Rusert (all of Atlanta), Julia Kovacs, Jennifer Kashatus, James Duchesne, Thomas Reynolds (all of Washington, DC), Mary Claire Blythe (Baltimore), William Bartow, Priya Narahari (both of Philadelphia), Lisa Norton (Northern Virginia), Ute Krudewagen, Yana Zubareva, Stacy Paz (all of Silicon Valley), Xingshuo Liu (Los Angeles) and Ivan Komaritsky (New York).

“We are so grateful to have been supported by Jeffrey, Puja and their team at DLA Piper through the years and up to and including this successful transaction with Vista,” said Kyle Porter, CEO of Salesloft. “DLA Piper has helped us in multiple areas as we’ve grown up since our early days. They managed this transaction with a world-class level of excellence, professionalism and deep experience that made it a smooth and highly successful process for the company and our investors.”

DLA Piper’s Private Equity practice includes more than 100 US lawyers who provide strategic counsel to private equity funds and the industry-leading companies they invest in. Pitchbook has repeatedly recognized DLA Piper as the second most active private equity law firm globally, further solidifying the strength of the firm’s team and its depth of experience executing private equity transactions.

DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.