On January 24, 2022, Globalization Partners, the leading global employment platform that simplifies remote team building by making it fast and easy for companies to hire anyone, anywhere, within minutes, announced that it has received a $200 million investment from Vista Credit Partners, a subsidiary of Vista Equity Partners, and strategic credit and financing partner focused on the enterprise software, data, and technology markets. The investment values Globalization Partners at $4.2 billion. Wilson Sonsini Goodrich & Rosati advised Globalization Partners on the transaction.

As the market and technology leader with approximately $1 billion in annual recurring revenue, Globalization Partners will utilize the investment to expand its dominant share of the virtually untapped, $176 billion global remote employment market. The company’s growth in the industry is fueled by an active customer base including CoinDesk, TaylorMade, and Chime and an unrivaled partnership network that includes ADP TotalSource®, Kruze Consulting, Global Chamber®, London & Partners, and others. Globalization Partners’ new customer acquisition increased 2.5 times from 2020 to 2021, including growing by 44 percent from Q3 to Q4.

The Wilson Sonsini team that represented Globalization Partners in the transaction includes:

Private Equity/M&A:
Katherine (Kathy) H. Ku
Aleksandar Vitomirov
Allen Amin

Tax:
David Strong
Nika Antonikova

For more information, please see Globalization Partners’ press release. This deal was also covered in The Wall Street Journal.