Thoma Bravo Acquisitions: Recent and Notable Deals

Thoma Bravo has made some impressive acquisitions in recent years. One notable deal was the purchase of Blue Coat Systems in 2016 for $2.4 billion.

The acquisition expanded Thoma Bravo's presence in the cybersecurity industry. Thoma Bravo has a proven track record of investing in and growing companies in this space.

Another notable deal was the acquisition of Qlik in 2019 for $3 billion. This deal marked a significant expansion into the business intelligence and analytics market.

Thoma Bravo has recently completed acquisitions in the cybersecurity and customer experience sectors.

They acquired a majority stake in USU Product Business, with the company's headquarters located at One Market Plaza in San Francisco, CA.

Thoma Bravo also acquired Calabrio, a customer experience intelligence company founded in 2007, which provides cloud-first software solutions for customer service operations and workforce management.

The acquisition of Calabrio was completed in April 2021, with Thoma Bravo partnering with the company's management team to implement operating best practices and make accretive acquisitions.

Additional reading: What Happens When Thoma Bravo Buys Your Company

Thoma Bravo has a strong presence in the software and technology-enabled services sectors, with over $76 billion in assets under management as of December 31, 2020.

Their offices are located in San Francisco and Chicago, and they have a team of experienced professionals who work with companies to accelerate revenue and earnings.

Thoma Bravo also made a cash offer to acquire Darktrace, a cybersecurity leader, although the details of the acquisition are not specified in the provided article sections.

Thoma Bravo has made several notable deals in recent years, including the acquisition of Talend in 2016 for $2.4 billion. This deal was a significant one, marking the largest acquisition of a European software company by a US private equity firm at the time.

The acquisition of Talend was followed by the purchase of PowerSchool in 2019 for $4.3 billion. This deal was notable for its size and the fact that it was Thoma Bravo's largest acquisition to date.

Thoma Bravo is set to acquire Veracode Software from Broadcom Inc.

Thoma Bravo UK Advisers LLP is authorised and regulated by the Financial Conduct Authority, with a Firm Reference Number of 1016286.

Verint shareholders will receive $20.50 in cash per share, representing an 18 percent premium to the company's unaffected share price.

A Thoma Bravo-controlled entity will serve as the parent in a reverse-triangular merger that is not subject to a financing condition.

Jefferies and Jones Day serve as financial adviser and legal counsel, respectively, to Verint in the transaction.

SailPoint has a unique history with Thoma Bravo, one of the most notable dealmakers in the industry. Thoma Bravo acquired SailPoint in 2014 from venture capital funds, marking their first partnership.

This acquisition was a strategic move by Thoma Bravo, and it paid off as they took SailPoint public just three years later in 2017.

Expand your knowledge: Sailpoint Thoma Bravo

Thoma Bravo's acquisition process typically begins with a thorough analysis of the target company's financials, which helps the firm determine its potential for growth and profitability.

The firm's investment team conducts extensive research on the company's market position, competitive landscape, and growth prospects.

Check this out: Thoma Bravo Growth

We're pleased to announce that our company has completed its investment in Intel 471, a leading provider of threat intelligence and cybercrime expertise. This move marks a significant milestone in our acquisition process.

Intel 471 brings a wealth of knowledge and experience to the table, with a team of experts who have been tracking cybercrime and threat actors for over a decade.

Their threat intelligence platform provides real-time insights into emerging threats, helping us stay one step ahead of potential risks. This expertise will be invaluable in enhancing our own security measures.

The acquisition is expected to be completed by the end of the year, pending regulatory approvals.

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Thoma Bravo's buy and build philosophy is all about investing in companies and then growing them through strategic acquisitions and organic development.

Their strategy centers on identifying promising companies in the cybersecurity sector, such as Barracuda Networks, which they purchased for $1.6 billion in 2018 and sold to KKR in 2022 for $4 billion.

Thoma Bravo doesn't always follow market trends, as they continued to invest in tech even when valuations tumbled after their 2022 peak.

Their approach to portfolio companies is focused on value creation, rather than short-term gains or legacy software.

They emphasize nurturing promising companies, sometimes through mergers under their umbrella, like the May combination of LogRhythm and Exabeam to create a comprehensive SOC platform.

Their transparency is a distinguishing characteristic, with frequent executive interviews and a podcast called "Behind the Deal" that offers clear insights into their decision-making process.

Thoma Bravo's buy and build philosophy is not limited to just acquiring companies, but also involves transforming them through strategic decisions, such as selling unnecessary facilities and eliminating legacy systems.

Their recent acquisition of Darktrace for $5 billion is a prime example of their persistence in pursuing deals that may take time to materialize.

Not every deal succeeds, and Thoma Bravo has experienced failed acquisitions, including their attempted purchase of SUSE in 2022.

Their investment in FTX, a crypto platform that collapsed, was a costly mistake, and Orlando Bravo has since declared that crypto is off-limits for the firm.

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Thoma Bravo's impressive track record has earned them a reputation as a reliable industry barometer. They've consistently demonstrated market insight leading to strong financial returns.

Their measured, long-term approach has built considerable investor confidence, rewarding them handsomely with $13 billion in returns by 2023.

Given their focus on the tech industry, we can expect Thoma Bravo to continue making strategic moves that shape the market.

Thoma Bravo's success can be attributed to their straightforward strategy. They identify the leading player in specific B2B software segments and acquire it.

Their approach has generated billions in revenue from successful exits. Thoma Bravo has a knack for finding buyers willing to pay significantly more than their initial investment.

The firm's co-founder, Orlando Bravo, credits their success to optimal management of the acquired companies. This strategy has proven to be a winning formula for Thoma Bravo.

Their acquisitions, such as Barracuda and Dynatrace, have consistently resulted in substantial profits. These successes have made Thoma Bravo a household name in the tech sector.

Thoma Bravo's ability to find buyers willing to pay a premium is a testament to their expertise in the tech industry. This expertise has been a key factor in their success.

Thoma Bravo is leading the charge of accelerating change in private equity. They've been consistently increasing the size and scope of their transactions.

Their investment history shows a clear trend of bigger and bolder deals. This is evident in their buy-side examples, such as Proofpoint and SailPoint, and sell-side examples, like McAfee and Barracuda.

Thoma Bravo raised three funds totaling $22.8 billion by the end of 2020. They're reportedly raising again, aiming for even larger deals.

Orlando Bravo, the firm's founder, has a clear vision for the future. He believes there are bigger and better companies to fix than there were ten years ago.

With a track record of success, Thoma Bravo has a formula that justifies their audacious moves. They're essentially playing with house money, having already achieved significant success.

Their current portfolio and future moves will be worth watching. Time will tell how their current investments play out.