M&A Deal Summary |
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Date | 2019-02-25 |
Target | ConnectWise |
Sector | Information Technology |
Buyer(s) | Thoma Bravo |
Deal Type | Buyout (LBO, MBO, MBI) |
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Category | Private Equity Firm |
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Founded | 1980 |
PE ASSETS | 127.0B USD |
Size | Mega |
Type | Sector Agnostic |
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 | # |
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Overall | 79 of 139 |
Sector (Information Technology) | 21 of 35 |
Type (Buyout (LBO, MBO, MBI)) | 22 of 28 |
State (Florida) | 1 of 2 |
Country (United States) | 75 of 120 |
Year (2019) | 3 of 11 |
DATE | TARGET | DEAL TYPE | VALUE |
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2019-02-12 |
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. |
Buy | $3.7B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-04-01 |
Pathwire
San Antonio, Texas, United States Pathwire empowers companies around the world to solve complex communication problems. Through its powerful email API and intuitive email marketing solutions, Pathwire delivers over 250 billion emails a year for companies like DHL, Wikipedia, Toast, Lyft, and Microsoft. The company provides reliable, cloud-native infrastructure, local expertise, and smart solutions based on machine learning so companies can more easily reach their customers and build connected experiences. Pathwire is based in San Antonio, Texas. |
Buy | - |