M&A Deal Summary

JMI Equity and Thoma Bravo Acquire Eptura

On October 4, 2022, private equity firms JMI Equity and Thoma Bravo acquired internet software and services company Eptura

Acquisition Highlights
  • This is JMI Equity’s 41st and Thoma Bravo’s 22nd transaction in the Internet Software and Services sector.
  • This is JMI Equity’s 109th and Thoma Bravo’s 112th transaction in the United States.
  • This is JMI Equity’s 5th and Thoma Bravo’s 4th transaction in Georgia.

M&A Deal Summary
Date 2022-10-04
Target Eptura
Sector Internet Software and Services
Buyer(s) JMI Equity
Thoma Bravo
Deal Type Consolidation

Target

Eptura

Atlanta, Georgia, United States
Eptura is a global worktech company that provides software solutions for people, workplaces and assets to enable everyone to reach their full potential. With millions of users across 115+ countries, Eptura is trusted by more than 16,000 companies to realize a better future at work. Eptura is based in Atlanta, Georgia.

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Buyer(S) 2

Buyer

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 124 of 127
Sector (Internet Software and Services) 41 of 41
Type (Consolidation) 1 of 1
State (Georgia) 5 of 5
Country (United States) 109 of 111
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Condeco Software

London, United Kingdom

Condeco Software is a provider of integrated hardware and software solutions which are designed to give companies all the tools they need to make the most of their workplaces, will now offer a combined platform which simplifies the process of video collaboration. Condeco Software was founded in 2005 and is based in London.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Visiting Media

Carlton, Oregon, United States

Visiting Media is a provider of visual sales and marketing solutions for the hospitality and event industries, offering cutting-edge tools designed to open new revenue channels, increase pipeline velocity and promote their customers' spaces throughout the full buying cycle. With their pioneering technology, the company is transforming the hospitality tech landscape, accelerating the use of immersive tech to give their customers access to untapped revenue that is impossible to access without their solutions. Serving major ownership groups, management companies, and brands around the globe, they continue to bring proprietary solutions to the marketplace. Visiting Media is based in Carlton, Oregon.

Buy -
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 125 of 138
Sector (Internet Software and Services) 22 of 26
Type (Consolidation) 2 of 2
State (Georgia) 4 of 4
Country (United States) 112 of 119
Year (2022) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Condeco Software

London, United Kingdom

Condeco Software is a provider of integrated hardware and software solutions which are designed to give companies all the tools they need to make the most of their workplaces, will now offer a combined platform which simplifies the process of video collaboration. Condeco Software was founded in 2005 and is based in London.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 ForgeRock

San Francisco, California, United States

ForgeRock is the digital identity management company transforming the way organizations interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the internet of things. ForgeRock was founded in 2010 and is based in San Francisco, California.

Buy $2.3B
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