Avalara, Inc.
Avalara is a software company that automates tax compliance for businesses — it calculates sales tax, VAT and other transaction taxes at checkout, files returns and manages exemption certificates. Its cloud tools plug into e-commerce, billing and ERP systems so companies do not have to track thousands of changing tax rules by hand.
Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.
Lenders
Avalara, Inc. is held by 11 BDC lenders in our parsed SEC filings: AGTC, ARCC, CGBD, GBDC, MFIC, MRCC, MSDL, NMFC, OCSL, TCPC, TSLX.
Cross-lender loan pricing
Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public). Rows marked stale are from an earlier filing than the lender’s latest — the borrower is absent from its newest filing (exited, repaid, or reported under a different name).
| BDC | Type | Rate | Cash spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| AGTC | 1L Sr Secured | SOFR | 250 | 95.6 | $34M | 2032-03 | 2026-08-07 |
| GBDC | 1L Sr Secured | SOFR | 725 | — | — | 2028-10 | 2025-02-04 stale |
| ARCC | 1L Sr Secured | SOFR | 625 | 100.0 | $72M | 2028-10 | 2025-02-05 stale |
| CGBD | 1L Sr Secured | SOFR | 625 | 100.0 | $24M | 2028-10-19 | 2025-02-25 stale |
| GBDC | 1L Sr Secured | SOFR | 625 | 100.0 | $18M | 2028-10 | 2025-02-04 stale |
| MFIC | 1L Sr Secured | SOFR | 625 | 100.0 | $9M | 2028-10-19 | 2024-11-07 stale |
| MRCC | 1L Sr Secured | SOFR | 625 | 100.8 | $4M | 2028-10-19 | 2025-02-28 stale |
| MSDL | 1L Sr Secured | SOFR | 625 | 100.0 | $10M | 2028-10-19 | 2025-02-27 stale |
| MSDL | 1L Sr Secured | SOFR | 625 | — | — | 2028-10-19 | 2025-02-27 stale |
| NMFC | 1L Sr Secured | SOFR | 625 | 100.0 | $17M | 2028-10 | 2025-02-26 stale |
| TCPC | 1L Sr Secured | SOFR | 625 | 100.8 | $3M | 2028-10-19 | 2025-02-27 stale |
| TSLX | 1L Sr Secured | SOFR | 625 | — | $39M | 2028-10 | 2025-02-13 stale |
| OCSL | 1L Sr Secured | SOFR | — | — | -$104K | 2028-10-19 | 2023-02-07 stale |
| OCSL | 1L Sr Secured | SOFR | — | 97.5 | $40M | 2028-10-19 | 2023-02-07 stale |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
Ownership & deal activity
Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.
- minority investmentBlackRock leads $500M equity investment in Avalara; Vista remains majority shareholderAvalara closed a $500 million equity investment from an investor group led by BlackRock's Private Financing Solutions, with all proceeds used to purchase shares from existing shareholders; Vista Equity Partners remained majority shareholder.
- minority investmentBlackRock leads $500M equity investment in AvalaraAvalara closed a $500 million equity investment led by BlackRock's Private Financing Solutions, with all proceeds used to purchase shares from existing shareholders; Vista Equity Partners remained the majority shareholder.
- ipoAvalara confidentially files for second U.S. IPOAvalara confidentially submitted IPO paperwork to return to U.S. public markets after being taken private by Vista Equity Partners in 2022, signaling plans for a second listing.
- lboVista Equity Partners completes $8.4B acquisition of Avalara; company delisted from NYSEVista Equity Partners completed its acquisition of Avalara for $93.50 per share in cash (total ~$8.4B), taking the company private and delisting it from the NYSE, with institutional co-investors including Mubadala Capital.
- take privateVista Equity Partners completes $8.4B acquisition of Avalara; shares delisted from NYSEVista Equity Partners completed its acquisition of Avalara for $93.50 per share in cash, with 84% of voting shareholders approving the transaction; Avalara was delisted from the NYSE and became a privately held company.
- take privateVista Equity Partners announces definitive agreement to acquire Avalara for $8.4BAvalara entered into a definitive agreement to be acquired by Vista Equity Partners at $93.50 per share in an all-cash transaction valued at $8.4 billion inclusive of net debt, representing a 27% premium over the July 6, 2022 closing price, with financing supported by a $2.5 billion private lender loan.
- acquisitionAvalara signs definitive agreement to acquire INPOSIA Solutions GmbHAvalara entered into a definitive agreement to acquire INPOSIA Solutions GmbH, a German e-invoicing and digital tax reporting software company, with financial terms undisclosed and close expected in H1 2021.
- acquisitionAvalara acquires operational assets of Business Licenses, LLC for ~$97MAvalara acquired the operational assets of Business Licenses, LLC, a provider of business license, registration, and permit compliance software and services, for approximately $97 million in cash and stock.
- acquisitionAvalara acquires Transaction Tax Resources (TTR) for ~$377MAvalara acquired 100% of Transaction Tax Resources, Inc. (TTR), a leading U.S. tax content and research company, for approximately $377 million in cash, expanding its enterprise capabilities and tax content database.
- ipoAvalara IPO on NYSE under ticker AVLRAvalara priced its IPO at $24 per share, raising approximately $180 million, and began trading on the New York Stock Exchange under the ticker symbol AVLR.
Headlines mentioning Avalara, Inc.
Public headlines that name Avalara, Inc., matched by company name and shown most-recent first. A mention is not an endorsement, a rating, or investment advice — verify anything material against the original source. Source: Google News.
Reading this table
When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).
Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.