M&A Deal Summary

Thoma Bravo Acquires Qlik

On June 2, 2016, private equity firm Thoma Bravo acquired software company Qlik for 3.0B USD

Acquisition Highlights
  • This is Thoma Bravo’s 22nd transaction in the Software sector.
  • This is Thoma Bravo’s 13th largest (disclosed) transaction.
  • This is Thoma Bravo’s 50th transaction in the United States.
  • This is Thoma Bravo’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2016-06-02
Target Qlik
Sector Software
Buyer(s) Thoma Bravo
Deal Type Going Private
Deal Value 3.0B USD
Advisor(s) Morgan Stanley (Financial)
Skadden, Arps, Slate, Meagher & Flom
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP (Legal)

Target

Qlik

King of Prussia, Pennsylvania, United States
Qlik is a provider of visual analytics software. Its portfolio of products meets customers’ growing needs from reporting and self-service visual analysis to guided, embedded and custom analytics. Approximately 39,000 customers rely on Qlik solutions to gain meaning out of information from varied sources, exploring the hidden relationships within data that lead to insights that ignite good ideas. Qlik was founded in 1993 and is based in King of Prussia, Pennsylvania.

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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 51 of 137
Sector (Software) 22 of 59
Type (Going Private) 15 of 39
State (Pennsylvania) 4 of 7
Country (United States) 50 of 119
Year (2016) 2 of 7
Size (of disclosed) 13 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 Vision Solutions

Irvine, California, United States

Vision Solutions, Inc. is a provider of information availability software and services for Windows, Linux, IBM Power Systems and Cloud Computing markets. Vision Solutions, Inc. was established in 1990 and is headquartered in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 Elemica

Wayne, Pennsylvania, United States

Elemica is a Digital Supply Network for the process manufacturing industries. Elemica accelerates digital transformation by connecting, automating, anticipating, and then transforming inter-business supply chain processes for the products they buy, sell, move, and comply. Elemica was founded in 2000 and is based in Wayne, Pennsylvania.

Buy -
Mergr

Product

Company

Legal