M&A Deal Summary

Roper Technologies Acquires PowerPlan

On May 21, 2018, Roper Technologies acquired software company PowerPlan from Thoma Bravo for 1.1B USD

Acquisition Highlights
  • This is Roper Technologies’ 11th transaction in the Software sector.
  • This is Roper Technologies’ 9th largest (disclosed) transaction.
  • This is Roper Technologies’ 26th transaction in the United States.
  • This is Roper Technologies’ 4th transaction in Georgia.

M&A Deal Summary
Date 2018-05-21
Target PowerPlan
Sector Software
Buyer(s) Roper Technologies
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) William Blair (Financial)
Kirkland & Ellis (Legal)

Target

PowerPlan

Atlanta, Georgia, United States
PowerPlan, Inc. is a provider of asset-centric accounting, tax, budgeting and analytics software solutions for asset-intensive businesses. PowerPlan was founded in 1994 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Roper Technologies

Sarasota, Florida, United States
Category Company
Founded 1981
Sector Information Technology
Employees16,800
Revenue 6.2B USD (2023)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.

DEAL STATS #
Overall 30 of 37
Sector (Software) 11 of 14
Type (Add-on Acquisition) 30 of 37
State (Georgia) 4 of 4
Country (United States) 26 of 32
Year (2018) 1 of 1
Size (of disclosed) 9 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Deltek

Herndon, Virginia, United States

Deltek, Inc. is a provider of enterprise applications software designed specifically for project-focused businesses. The Company's software applications enables organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. Deltek is based in Herndon, Virginia.

Buy $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 The Foundry Visionmongers

London, United Kingdom

The Foundry Visionmongers Ltd. is a provider of software technologies used to deliver visual effects and 3D content for the digital design, visualization, and entertainment industries. Foundry’s software is deeply embedded across the creative pipeline and is supported by a large ecosystem of users, trainers, and evangelists across the globe. The Foundry Visionmongers Ltd. was founded in 1996 and is based in London, United Kingdom.

Buy £410M

Seller(S) 1

SELLER

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 37 of 79
Sector (Software) 18 of 33
Type (Add-on Acquisition) 16 of 36
State (Georgia) 1 of 1
Country (United States) 36 of 73
Year (2018) 2 of 5
Size (of disclosed) 16 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Circle Cardiovascular Imaging

Calgary, Alberta, Canada

Circle Cardiovascular Imaging develops world-class, advanced reading and reporting solutions for cardiac imaging. Circle CVI is a prominent company in the global cardiac imaging community, bringing together an experienced and dedicated team of over 150 people and offering multi-language support around the globe. Circle Cardiovascular Imaging was founded in 2007 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 LogRythm

Boulder, Colorado, United States

LogRythm is a provider of cyber threat defense, detection and response solutions provider. LogRythm was founded in 2003 and is based in Boulder, Colorado.

Buy -
Mergr

Product

Company

Legal