M&A Deal Summary

Thoma Bravo Acquires Everbridge

On February 5, 2024, private equity firm Thoma Bravo acquired internet software and services company Everbridge for 1.5B USD

Acquisition Highlights
  • This is Thoma Bravo’s 25th transaction in the Internet Software and Services sector.
  • This is Thoma Bravo’s 24th largest (disclosed) transaction.
  • This is Thoma Bravo’s 117th transaction in the United States.
  • This is Thoma Bravo’s 7th transaction in Massachusetts.

M&A Deal Summary
Date 2024-02-05
Target Everbridge
Sector Internet Software and Services
Buyer(s) Thoma Bravo
Deal Type Going Private
Deal Value 1.5B USD
Advisor(s) Qatalyst Partners LP (Financial)
Cooley LLP (Legal)

Target

Everbridge

Burlington, Massachusetts, United States
website
Everbridge offers web-based emergency and incident notification solutions for organizations to prepare and communicate during emergencies. Everbridge was founded in 2002 and is based in Burlington, Massachusetts.

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Buyer(S) 1

Buyer

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 134 of 134
Sector (Internet Software and Services) 25 of 25
Type (Going Private) 38 of 38
State (Massachusetts) 7 of 7
Country (United States) 117 of 117
Year (2024) 1 of 1
Size (of disclosed) 24 of 46
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 BlueMatrix

Durham, North Carolina, United States

BlueMatrix is an end-to-end content creation and distribution platform for investment research providers. BlueMatrix facilitates the equitable exchange of critical investment insights by improving the efficiency, collaboration, and security across the complete information lifecycle. BlueMatrix is based in Durham, North Carolina.

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