Thoma Bravo Completes Acquisition of Majesco. Private equity firm Thoma Bravo plans today to buy UK-based cyber-security giant Sophos for $7.40 per share, for a total value of $3.9 billion, both companies announced today. A 2004 investment by Thoma Bravo and two other private equity firms in a relatively small provider of software for accessing and integrating legacy computing applications was the first step in the creation, through a multi-year series of strategic acquisitions, of The Attachmate Group, the world’s largest independent provider of access and integration software for legacy systems. Press Release. SAN FRANCISCO and NEW YORK, Dec. 9, 2020 /PRNewswire/ -- Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, today announced the completion of its acquisition of AxiomSL, a leading provider of cloud-enabled risk management and regulatory solutions for banking, investment management, broker dealers and commodity trading … In RealPage, Thoma Bravo is … Say the buyer funds half of the roughly-US$10 billion price in debt, already way more than the seven times Ebitda that has become the norm this year. With a series of funds representing more than $26 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Thoma Bravo acquired the company in an all-cash transaction of $3.7 billion, which means ICE purchased the company for three times more than it sold for a little over a year ago. Cybersecurity firm Sophos also received an acquisition offer from Thoma Bravo for USD 3.9 billion in October last year. Of particular note is the pending $10.2 billion acquisition of real estate software company RealPage by Thoma Bravo, a transaction involving an approximately $7.4 billion equity commitment from a single private equity firm, among the largest in recent financial sponsor history. Thoma Bravo is paying more than 30 times this year's forecast Ebitda, according to Refinitiv estimates - where, on average, RealPage has traded closer to 18 times. Thoma Bravo is a private equity firm. Qlik gets leaner, meaner, cloudier after acquisition by Thoma Bravo. The busy year in M&A continued this weekend when private equity firm Thoma Bravo announced it was acquiring RealPage for $10.2 billion. While the Thoma Bravo acquisition of Instructure 1 Disclosure: Instructure is a subscriber to the MindWires LMS Market Analysis data service (as are many of their competitors), and we have a number of investment firms who are also subscribers to the service and pay for in-depth market data and research. Read More. In April, Thoma Bravo also completed a USD 2 billion take-private acquisition of education technology company, Instructure, a deal that Kirkland & Ellis also advised on. The strategy from the executive team after the thoma bravo acquisition seems to be the same as before, but with less people and a more strict deadline. Prev Next. Thoma Bravo First. It has over $73 billion in assets under management and a focus on software and technology. It pioneered the buy-and-build investment strategy, and the first applied this strategy to the software and technology industries nearly 20 years ago. Thoma Bravo first announce the Venafi investment in early December 2020. Thoma Bravo is a leading private equity firm focused on the software and technology enabled services sector with more than $35 billion in investor commitments. Dating to 2000, all nine of the firm's buyout funds that are at least two years old rank in the top half of their benchmarks in IRR, with seven of those vehicles placing in the top quartile. Published on September 21, 2020 . The strategy from the executive team after the thoma bravo acquisition seems to be the same as before, but with less people and a more strict deadline. Im hoping that the moving parts start to come into play as many teams are doing the job of 5 people since we started taking on the jobs of the let-go employees. Education information technology specialist Instructure Inc. (INST) announced on Wednesday, Dec. 4, that it had agreed to be acquired by Thoma Bravo LLC following a strategic review. Thoma Bravo remained the most active software private equity firm through 3Q 2020, completing seven platform acquisitions including Command Alkon, Exostar, Syntellis Performance Solutions, Majesco, and Foundation Software. Thoma Bravo is a private equity firm with a 40-year history, including over $30 billion in investor commitments, and a focus on investing in software and technology companies. Nowak, who was a leader of Kirkland’s capital markets, mergers and acquisitions, and private equity practices, said he will work closely with Steven Schwab, who has served as Thoma Bravo’s director of legal and chief compliance officer since 2015. The investment recognizes Riskonnect’s strong momentum and is expected to help the rapidly growing company expand and broaden its software platform. Private equity firm Thoma Bravo has completed a strategic growth investment in Venafi, a provider of machine identity management software that improves cybersecurity.The investment valued Venafi at $1.15 billion, making the security company a newly minted unicorn, the companies say. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. SAN FRANCISCO and MORRISTOWN, N.J., Sept. 21, 2020 /PRNewswire/ -- Thoma Bravo, L.P. ("Thoma Bravo" or the "Firm"), a leading private equity firm … For Thoma Bravo Fund XII, which closed on $7.6 billion in 2016, the vehicle has outperformed most of its benchmark in IRR and TVPI, as of 3Q 2019, according to PitchBook data. Thoma Bravo, LP, is an American private equity and growth capital firm with offices in San Francisco and Chicago.. Thoma Bravo has done 230 software deals worth over $68 billion since 2003 and oversees a portfolio of 38 software companies that generate some $12 billion in annual revenue and employ 40,000 people. Kirkland Advises Thoma Bravo on $10.2 Billion Acquisition of RealPage 21 December 2020 Kirkland & Ellis advised Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, on its definitive agreement to acquire RealPage Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry. Morristown, NJ – July 20, 2020 – Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that it has signed a definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $594 million. Thoma Bravo LLC, a leading technology investment firm, announced today that it has entered into an agreement to acquire Riskonnect, Inc., the leading global provider of Integrated Risk Management technology solutions. Thoma Bravo Completes Acquisition of Majesco > Press. With a 40-year history, Thoma Bravo has acquired more than 200 software and technology companies representing more than $50 billion of value. Im hoping that the moving parts start to come into play as many teams are doing the job of 5 people since we started taking on the jobs of the let-go employees. The Chicago-based private equity firm will pay $47.60 per share in cash, or an 18% premium over the Salt Lake City company’s three-month average trading price as of Oct. 27. Once completed, the acquisition by Thoma Bravo is expected to speed the execution of Command Alkon’s strategy to integrate inter-company supply chain operations in … Majesco Contact. With a series of funds representing more than $45 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies.

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