M&A Deal Summary

Thoma Bravo Acquires LogRythm

On May 31, 2018, private equity firm Thoma Bravo acquired software company LogRythm

Acquisition Highlights
  • This is Thoma Bravo’s 28th transaction in the Software sector.
  • This is Thoma Bravo’s 64th transaction in the United States.
  • This is Thoma Bravo’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2018-05-31
Target LogRythm
Sector Software
Buyer(s) Thoma Bravo
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Morgan Stanley (Financial)
Cooley (Legal)

Target

LogRythm

Boulder, Colorado, United States
LogRythm is a provider of cyber threat defense, detection and response solutions provider. LogRythm was founded in 2003 and is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

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 67 of 137
Sector (Software) 28 of 59
Type (Buyout (LBO, MBO, MBI)) 19 of 27
State (Colorado) 3 of 4
Country (United States) 64 of 119
Year (2018) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 PowerPlan

Atlanta, Georgia, United States

PowerPlan, Inc. is a provider of asset-centric accounting, tax, budgeting and analytics software solutions for asset-intensive businesses. PowerPlan was founded in 1994 and is based in Atlanta, Georgia.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 MeridianLink

Costa Mesa, California, United States

MeridianLink provides mission-critical software solutions to financial institutions. The company’s LoansPQ, LendingQB, and ACTion platforms allow banks and credit unions to process and accept consumer and mortgage loans as well as account opening applications, and integrate seamlessly with all major core and data services providers. It also offers Synergy, a highly customizable and configurable loan processing, and decisioning workflow product, as well as MortgageCreditLink, the dominant provider of “tri-merge” integration functionality into credit bureaus and other third-party consumer and business databases. MeridianLink was formed in 1998 and is based in Costa Mesa, California.

Buy -
Mergr

Product

Company

Legal