M&A Deal Summary

Thoma Bravo Acquires Porter and Chester Institute

On October 9, 2007, private equity firm Thoma Bravo acquired education company Porter and Chester Institute

Acquisition Highlights
  • This is Thoma Bravo’s 1st transaction in the Education sector.
  • This is Thoma Bravo’s 14th transaction in the United States.
  • This is Thoma Bravo’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2007-10-09
Target Porter and Chester Institute
Sector Education
Buyer(s) Thoma Bravo
Deal Type Recapitalization

Target

Porter and Chester Institute

Wethersfield, Connecticut, United States
website
Porter and Chester Institute is a postsecondary educational institution, that provides technical, business and health related occupational training through seven campuses in Connecticut and Massachusetts. Porter and Chester Institute was founded in 1946 and is based in Wethersfield, Connecticut.

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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 14 of 136
Sector (Education) 1 of 1
Type (Recapitalization) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 14 of 118
Year (2007) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-31 Hyland

Westlake, Ohio, United States

Hyland is a developer and marketer of enterprise content management (ECM) software. The company's OnBase enterprise content management solution is deployable at both the departmental and enterprise levels and provides organizations with unique, modular solutions that help them streamline their work processes and share information among their employees, business partners, and customers. Hyland was founded in 1991 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-22 Viecore

Mahwah, New Jersey, United States

Viecore, Inc. is an innovative provider of enterprise level self-service solutions for customer contact centers. Viecore was formed in 1989 and is based in Mahwah, New Jersey.

Sell -
Mergr

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