Thoma Bravo Mergers & Acquisitions

Thoma Bravo M&A Summary

In the last 3 years, Thoma Bravo has acquired 27 companies. It has also invested in 5 others.

In the last 3 years, Thoma Bravo has exited 23 companies. The Firm’s most common exit type is trade sale (44%). Thoma Bravo’s largest (disclosed) exit occurred in 2020 when it sold Ellie Mae for $11.0B.

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M&A Summary

  • M&A Total Activity237
    • M&A Buy Activity151
    • M&A Sell Activity86
  • M&A Buy/Sell Connections98

Thoma Bravo

Thoma Bravo, L.P.

110 N. Wacker Drive,
Chicago, Illinois 60606
United States
(312) 254-3300
www.thomabravo.com

All (237) Buy (151) Sell (86)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-11-18 Azul Systems · Software
Sunnyvale, California · www.azul.com

Azul Systems provides Java runtime and virtual machine software for enterprise applications, with the platform offering improved performance, security and cloud-deployment capabilities for Java environments. Azul Systems was founded in 2002 and is based in Sunnyvale, California.

Advisors: Guggenheim Securities , Kirkland & Ellis
- Secondary Buyout

Lead Edge Capital PE

Thoma Bravo PE
Advisors: Goodwin Procter , William Blair

Vitruvian Partners PE

Lead Edge Capital PE

Vitruvian Partners PE


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