Investment Summary

ParkerGale Capital and Thoma Bravo Invest In SMA Technologies

On September 10, 2020, private equity firms ParkerGale Capital and Thoma Bravo invested in software company SMA Technologies

Investment Highlights
  • This is ParkerGale Capital’s 7th and Thoma Bravo’s 41st transaction in the Software sector.
  • This is ParkerGale Capital’s 8th and Thoma Bravo’s 85th transaction in the United States.
  • This is ParkerGale Capital’s 1st and Thoma Bravo’s 12th transaction in Texas.

Investment Summary

Date 2020-09-10
Target SMA Technologies
Sector Software
Investor(s) ParkerGale Capital
Thoma Bravo
Deal Type Growth Capital
Advisor(s) Sparring Partners Capital (Financial)

Target

SMA Technologies

Houston, Texas, United States
SMA Technologies is a provider of workload automation software for clients, automating essential processes across core software systems and applications including ERP, transaction processing, IT service management, and human resource management. The need for workload automation continues to increase as IT environments become more complex with heterogeneity. SMA Technologies was founded in 1980 and is based in Houston, Texas.

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Investor(S) 2

DESCRIPTION

ParkerGale Capital is a private equity firm focused on small buyouts of technology companies. The Firm will consider opportunities throughout North America and seeks businesses with predictable, recurring business models and at least $2 million profits. ParkerGale has a preference for founder owned companies. ParkerGale Capital was formed in 2015 and is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 11
Sector (Software) 7 of 8
Type (Growth Capital) 3 of 3
State (Texas) 1 of 1
Country (United States) 8 of 10
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 EditShare

Watertown, Massachusetts, United States

EditShare offers networked shared storage and tapeless, end-to-end workflow solutions for the post-production, TV and film industries. EditShare groundbreaking products improve efficiency and workflow collaboration every step of the way. EditShare includes video capture and playout servers, high-performance EFS central shared storage, AQC, archiving and backup software, media asset management, and Lightworks – the world’s first three-platform (Windows/OS X/Linux) professional non-linear video editing application. EditShare was established in 2003 and is based in Watertown, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 SurePoint Technologies

Cincinnati, Ohio, United States

SurePoint Technologies is a provider of financial and practice management software for law firms. SurePoint Technologies provides their clients with a fully integrated solution for revenue and expense management, timekeeping, practice management, and analytical reporting tools to successfully and profitably manage law firms. SurePoint Technologies was founded in 1982 and is based in Cincinnati, Ohio.

Sell -
Investor

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 93 of 139
Sector (Software) 41 of 59
Type (Growth Capital) 9 of 17
State (Texas) 12 of 18
Country (United States) 85 of 120
Year (2020) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Ellie Mae

Pleasanton, California, United States

Ellie Mae automates and digitizes the trillion-dollar residential mortgage industry. Through its Digital Lending Platform, Ellie Mae provides technology services to all participants in the mortgage supply chain, including its over 3,000 customers and thousands of partners and investors participating in the open networks who provide liquidity to the market. Lenders rely on Ellie Mae to securely manage and facilitate the exchange of data across the ecosystem to enable the origination of mortgages while maintaining strict adherence to various local, state, and federal compliance requirements. Ellie Mae was formed in 1997 and is based in Pleasanton, California.

Sell $11.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 MedeAnalytics

Richardson, Texas, United States

MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population. Its analytics platform delivers intelligence that helps healthcare organizations detect their greatest areas of risk and identify opportunities to improve their financial health. It empowers providers and health plans to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics was founded in 1994 and is based in Richardson, Texas.

Sell -