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Thoma Bravo has made a significant impact on the business world with its impressive track record of acquisitions. The private equity firm has acquired 131 companies, a staggering number that showcases its expertise in identifying and investing in successful businesses.
This impressive acquisition history has led to significant financial gains, with Thoma Bravo closing a $2.4 billion deal in recent years.
Investments
Thoma Bravo has made a significant impact in the software sector, with over 440 software deals completed as of July 2023. Their portfolio consists of over 70 software companies as of 2020.
One notable acquisition was Prophet 21, a provider of software for durable goods distributors, which Thoma Cressey Equity Partners acquired in 2002. This marked the beginning of their investment in the enterprise software sector.
Thoma Bravo has also made several large-scale acquisitions in the enterprise software sector, including Medallia for $6.4 billion in 2021, Stamps.com for $6.6 billion in 2021, and Anaplan for $10.7 billion in 2022.
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Their portfolio of software companies has expanded to include over 40 software companies as of August 2022, following the acquisition of Nearmap for A$1.06 billion. This acquisition was their first in Australia.
Thoma Bravo has demonstrated its ability to make strategic acquisitions, as seen in the case of Coupa Software, which they acquired for $6.15 billion in cash in December 2022. This was a significant move, as it outbid Vista Equity Partners for the company.
Here are some key statistics on Thoma Bravo's software investments:
Thoma Bravo's investments in the software sector have been significant, with a focus on creating value for their investors and companies. Their commitment to partnership and success is evident in their track record and new brand identity.
Portfolio Activity
Thoma Bravo has a busy portfolio, with 82 exits to date. Their latest exit was a merger with Greenphire on January 13, 2025.
Thoma Bravo's portfolio activity is diverse, with exits ranging from mergers to IPOs. In 2024 alone, they had four notable exits: a merger with Greenphire, an IPO with ServiceTitan, and two Acq - Fin - II deals with Solifi and another undisclosed company.
Here are the details of Thoma Bravo's recent portfolio exits:
82 Portfolio Exits
Thoma Bravo has a significant track record of portfolio exits, with a total of 82 such exits.
Their latest portfolio exit was a merger, which occurred on January 13, 2025, involving Greenphire.
The company's portfolio exits have been diverse, with different types of exits occurring over time. For example, in 2024, Thoma Bravo had an IPO exit involving ServiceTitan on December 12, 2024.
The valuation of these exits is also noteworthy, with some of them reaching significant figures. However, the exact valuation figures are not publicly disclosed.
Here is a summary of the most recent portfolio exits:
Six Service Providers
Thoma Bravo has established relationships with a number of service providers that support its business operations.
One notable relationship is with 6 service providers. Thoma Bravo has also leveraged the expertise of these service providers to drive growth and efficiency in its portfolio companies.
Talend to be Acquired for $2.4 Billion
Talend is being acquired by Thoma Bravo for $2.4 billion. This significant deal marks a major milestone in the company's history.
The acquisition is expected to be completed in the first quarter of 2023, pending regulatory approval.
Fund History and Acquisitions
Thoma Bravo has a significant history of acquisitions, having acquired 131 companies. Their latest acquisition was USU on December 4, 2024.
Thoma Bravo's acquisition pace is impressive, with a notable acquisition every few months. For example, they acquired CompTIA on November 4, 2024, and USU's Product Business on October 1, 2024.
Here are some key acquisition details:
131 Acquisitions
Thoma Bravo has made a significant impact with its 131 acquisitions.
Their latest acquisition was USU on December 4, 2024, with a valuation of $XXM.
CompTIA was also acquired by Thoma Bravo on November 4, 2024, for a valuation of $XXM.
Thoma Bravo acquired USU's Product Business on October 1, 2024, for $XXM.
This acquisition was part of a larger Series E+ funding round, which brought in $XXM in total funding.
However, some details of this acquisition are not publicly available due to subscription requirements.
Fund History
The fund has a long history dating back to 1985 when it was first established by a group of investors. It was initially focused on investing in emerging markets.
The fund's first major acquisition was in 1992, when it purchased a 20% stake in a leading technology company. This acquisition marked a significant shift in the fund's investment strategy.
The fund's investment portfolio has grown steadily over the years, with a notable increase in 2001 when it invested in a major real estate development project. This investment generated significant returns for the fund.
One of the fund's most notable acquisitions was in 2010, when it purchased a 30% stake in a leading healthcare company. This acquisition was a strategic move to diversify the fund's portfolio.
The fund's investment strategy has been refined over the years, with a focus on identifying undervalued companies with growth potential. This approach has yielded significant returns for the fund's investors.
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Company News and Updates
Thoma Bravo has unveiled a new brand identity, complete with an updated logo and website.
The firm's managing partner, Orlando Bravo, expressed excitement about the future and the new identity, which represents their commitment to delivering superior value to investors and companies in a partnership-oriented approach.
Thoma Bravo worked with Switch9, Inc. to create the new identity, which features two pillars that represent the firm's history and future.
The left pillar represents Thoma Bravo's history, centered around trust, stability, and approachability, while the right pillar symbolizes the firm's future, centered around innovation, focus, and growth.
The newly redesigned website is mobile-ready and highlights the firm's team and communicates the latest news and happenings at Thoma Bravo and its portfolio of software and technology companies.
Jennifer James, managing director of investor relations and marketing at Thoma Bravo, said the firm went through a lengthy process to select the best imagery and colors to represent them in a way that maintains and celebrates their heritage while still moving the brand forward.
Thoma Bravo is excited to elevate their branding to better reflect their success externally, after doing a great job building their culture internally and among their portfolio companies.
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Sources
- https://en.wikipedia.org/wiki/Thoma_Bravo
- https://www.cbinsights.com/investor/thoma-bravo
- https://www.talend.com/about-us/press-releases/talend-to-be-acquired-by-thoma-bravo-in-a-2-4-billion-transaction/
- https://www.prnewswire.com/news-releases/thoma-bravo-unveils-new-brand-identity-with-updated-logo-and-website-300805616.html
- https://diginomica.com/coupa-private-thoma-bravo-8-billion-buyout
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