M&A Deal Summary

Thoma Bravo and H.I.G. Private Equity Acquire CompTIA

On November 4, 2024, private equity firms Thoma Bravo and H.I.G. Private Equity acquired education company CompTIA

Acquisition Highlights
  • This is Thoma Bravo’s 2nd and H.I.G. Private Equity’s 4th transaction in the Education sector.
  • This is Thoma Bravo’s 120th and H.I.G. Private Equity’s 245th transaction in the United States.
  • This is Thoma Bravo’s 7th and H.I.G. Private Equity’s 18th transaction in Illinois.

M&A Deal Summary

Date 2024-11-04
Target CompTIA
Sector Education
Buyer(s) Thoma Bravo
H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) J.P. Morgan Securities (Financial)
Husch Blackwell LLP (Legal)

Target

CompTIA

Downers Grove, Illinois, United States
CompTIA provides comprehensive education, training, certifications, and market research, across areas including cybersecurity, emerging technologies, networking, cloud computing, and technical support. CompTIA is based in Downers Grove, Illinois.

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Buyer(S) 2

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 139 of 139
Sector (Education) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 28 of 28
State (Illinois) 7 of 7
Country (United States) 120 of 120
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Solifi

Minneapolis, Minnesota, United States

Solifi streamlines the entire asset finance process from origination to portfolio management to end-of-term. Solifi's cloud-based offerings integrate seamlessly into any asset finance ecosystem, offering unparalleled scalability, flexibility, and economy to all sizes of banks, independents, and captives. Headquartered in Minneapolis, MN, IDS also has offices in the United Kingdom, Australia, Singapore and India. Solifi was founded in 1974 and is based in Minneapolis, Minnesota.

Sell -
Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 368 of 370
Sector (Education) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 111 of 113
State (Illinois) 18 of 18
Country (United States) 245 of 246
Year (2024) 21 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Rainham

Little Warley, United Kingdom

Rainham provides specialist industrial services that support the installation, maintenance, refurbishment, decommissioning and replacement of large industrial plants and infrastructure sites. Rainham is based in Little Warley, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Life Agro

Chapeco, Brazil

Life Agro is a producer of specialty agricultural inputs, offering an innovative range of plant-based products. Life Agro was founded in 2013 and is based in Chapeco, Brazil.

Buy -