secwatch.observer — SEC 8-K summary
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Issuer:     EngageSmart, Inc. (—)
CIK:        0001863105
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001193125-24-016530
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vista Equity Partners completes acquisition of EngageSmart for $23.00/share (~$4.0B)
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- Stockholders receive $23.00 per share in cash; total equity value approximately $4.0 billion.
- Company becomes privately held; common stock delisted from NYSE effective January 26, 2024.
- Financing includes ~$2.0B equity from Vista affiliates and $1.05B term loan from Golub Capital.
- Board of directors replaced; new directors include Michael Fosnaugh, Jeff Wilson, Jack Dillon, and others; CEO Bob Bennett remains.
- Existing credit facility repaid and terminated; new $1.15B credit agreement (term loan + revolver) entered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863105/000119312524016530/0001193125-24-016530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863105/000119312524016530/d13211d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-016530

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