M&A Deal Summary

Thoma Bravo Acquires Nearmap

On December 15, 2022, private equity firm Thoma Bravo acquired information technology company Nearmap for 1.1B AUD

Acquisition Highlights
  • This is Thoma Bravo’s 32nd transaction in the Information Technology sector.
  • This is Thoma Bravo’s 33rd largest (disclosed) transaction.
  • This is Thoma Bravo’s 1st transaction in Australia.

M&A Deal Summary

Date 2022-12-15
Target Nearmap
Sector Information Technology
Buyer(s) Thoma Bravo
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.1B AUD
Advisor(s) Citigroup Investment Banking (Financial)
DLA Piper (Legal)

Target

Nearmap

Barangaroo, Australia
Nearmap provides easy, instant access to high resolution aerial imagery, city-scale 3D content, AI data sets, and geospatial tools. Nearmap was founded in 2007 and is based in Barangaroo, Australia.

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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 129 of 137
Sector (Information Technology) 32 of 35
Type (Buyout (LBO, MBO, MBI)) 27 of 27
Country (Australia) 1 of 1
Year (2022) 12 of 12
Size (of disclosed) 33 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 Coupa

San Mateo, California, United States

Coupa is a cloud-based Business Spend Management (BSM) platform that unifies processes across supply chain, procurement, and finance functions. Coupa was founded in 2006 and is based in San Mateo, California.

Buy $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Talend

Suresnes, France

Talend is a provider of open-source software with a range of products including data integration, data quality, master data management and application integration tools. Talend was formed in 2005 and is based in Suresnes, France.

Sell -