Qlik Thoma Bravo Acquisition Deal

In June 2021, Thoma Bravo acquired Qlik for approximately $3 billion.

This acquisition marked a significant milestone in Qlik's history, allowing the company to further expand its reach and capabilities.

Thoma Bravo, a leading private equity firm, has a proven track record of investing in and growing successful companies like Qlik.

As a result of the acquisition, Qlik became a private company, no longer publicly traded on the stock market.

Additional reading: What Happens When Thoma Bravo Buys Your Company

Thoma Bravo completed its acquisition of Qlik Technologies for around $3 billion, with Qlik shareholders receiving $30.50 per share.

This acquisition marks a significant milestone for Qlik, which has been publicly traded since 2010. Qlik's revenues and gross profit have increased by 170% and 158% respectively during this time.

Historically, Thoma Bravo has a successful track record of acquiring and growing tech firms. It bought cloud security firm Blue Coat in 2012 for $1.3 billion and sold it off to Bain Capital in early 2015 for $2.4 billion.

Thoma Bravo's resources could potentially help Qlik improve its operational efficiencies and improve its bottom-line in the coming years.

Explore further: Thoma Bravo Acquisition

Thoma Bravo is selling a minority stake in Qlik to ADIA, a subsidiary of the Abu Dhabi Investment Authority, for an undisclosed amount.

The sale is expected to bolster Qlik's AI capabilities and reinforce its position as a leader in data solutions. A consortium of other investors will join ADIA and Thoma Bravo in this venture.

Thoma Bravo has contributed significantly to Qlik's growth since taking the company private, supporting 14 strategic acquisitions and substantial R&D investments.

Qlik's offerings cater to various sectors, including healthcare, finance, retail, and the public sector, enabling organizations to synthesize and act on data effectively.

The launch of Qlik Talend Cloud and Qlik Answers highlights the company's commitment to advancing AI capabilities by providing businesses with comprehensive data solutions.

Mike Capone, CEO of Qlik, expressed excitement about the new phase of growth with ADIA, stating, "We look forward to accelerating Qlik's impact in the era of AI and welcome ADIA into our next phase of growth."

On a similar theme: Thoma Bravo Growth

Thoma Bravo will retain its position as the majority shareholder and plans to make a fresh equity investment in Qlik.

The transaction is subject to regulatory approvals and customary closing conditions, with completion expected in the first quarter of 2025.

Seth Boro, Managing Partner at Thoma Bravo, emphasized the continued collaboration with Qlik, saying, "It has been a pleasure to work alongside Mike and the Qlik team to establish it as a leader in data integration, data quality, analytics, and AI."

The deal is expected to drive further innovation and growth for Qlik, with Mike Hoffmann, Partner at Thoma Bravo, highlighting the growing demand for Qlik's technologies.

Financial and legal advisories for the transaction are being provided by Guggenheim Securities LLC and Kirkland & Ellis LLP for Thoma Bravo and Qlik, and by Evercore and Gibson, Dunn & Crutcher LLP for ADIA.