M&A Deal Summary

Thoma Bravo Acquires ConnectWise

On February 25, 2019, private equity firm Thoma Bravo acquired information technology company ConnectWise

Acquisition Highlights
  • This is Thoma Bravo’s 21st transaction in the Information Technology sector.
  • This is Thoma Bravo’s 75th transaction in the United States.
  • This is Thoma Bravo’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-02-25
Target ConnectWise
Sector Information Technology
Buyer(s) Thoma Bravo
Deal Type Buyout (LBO, MBO, MBI)

Target

ConnectWise

Tampa, Florida, United States
ConnectWise is a provider of software solutions to the Managed Service Provider (MSP) and SMB ecosystem. The company provides the most comprehensive business automation platform in its industry. This includes Professional Services Automation (PSA); Remote Monitoring and Management (RRM); Configure, Price, Quote (CPQ), plus Remote Connection and Security offerings for more than 25,000 partners in more than 65 countries. ConnectWise was founded in 1982 and is based in Tampa, Florida.

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Buyer(S) 1

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 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
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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
FOLLOWING DEAL
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 -
Mergr

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