M&A Deal Summary

Thales Acquires Imperva

On July 25, 2023, Thales acquired software company Imperva from Thoma Bravo for 3.6B USD

Acquisition Highlights
  • This is Thales’ 1st transaction in the Software sector.
  • This is Thales’ largest (disclosed) transaction.
  • This is Thales’ 6th transaction in the United States.
  • This is Thales’ 1st transaction in California.

M&A Deal Summary
Date 2023-07-25
Target Imperva
Sector Software
Buyer(s) Thales
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition
Deal Value 3.6B USD

Target

Imperva

San Mateo, California, United States
Imperva is a provider of data and application security solutions that protect business-critical information in the cloud and on-premises. pioneering the third pillar of enterprise security fills the gaps in endpoint and network security by directly protecting high-value applications and data assets in physical and virtual data centers. With an integrated security platform built specifically for modern threats, Imperva data center security provides the visibility and control needed to neutralize attack, theft, and fraud from inside and outside the organization, mitigate risk, and streamline compliance. Imperva was formed in 2002 and is headquartered in San Mateo, California.

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Buyer(S) 1

Buyer

Thales

Meudon, France
Category Company
Founded 1893
Sector Safety/Security
Employees76,299
Revenue 18.4B EUR (2023)
DESCRIPTION
Entrance to a Thales facility in Irvine, California.
Entrance to a Thales facility in Irvine, California.

Thales is a provider of integrated solutions and equipment of security systems primarily to the aerospace and defense markets. Thales was founded in 1893 and is based in Meudon, France.

DEAL STATS #
Overall 20 of 21
Sector (Software) 1 of 1
Type (Add-on Acquisition) 12 of 13
State (California) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Excellium

Zaventem, Belgium

Excellium is a cyber-security consulting and technology Integration Company that covers the entire information security domain, from governance to implementation, to penetration tests and operational monitoring. Excellium is based in Zaventem, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Cobham Aerospace Communications

Rungis Cedex, France

Cobham Aerospace Communications design, produce, and support aircraft avionics systems at the cutting edge of technological development. Every product combines high performance, ease of use, and reliability, with an optimized footprint (dimensions, weight, wiring required, energy consumption, drag). Cobham Aerospace Communications was founded in 1923 and is based in Rungis Cedex, France.

Buy -

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 71 of 79
Sector (Software) 32 of 33
Type (Add-on Acquisition) 32 of 36
State (California) 20 of 21
Country (United States) 66 of 73
Year (2023) 3 of 6
Size (of disclosed) 4 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 Bluesight

Alexandria, Virginia, United States

Bluesight solves supply chain inefficiencies and reduces risk by using AI and machine learning to surface actionable analytics for every step of the medication lifecycle. Bluesight is based in Alexandria, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-08 Syntellis

Chicago, Illinois, United States

Syntellis provides innovative enterprise performance management software, data, and analytics solutions for healthcare, higher education, and financial institutions. Syntellis’ solutions include Axiom and Connected Analytics software, which help finance professionals elevate performance by acquiring insights, accelerating decisions, and advancing their business plans. Syntellis was formed in 2020 and is based in Chicago, Illinois.

Sell $1.3B
Mergr

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