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M&A Deal Summary

Thoma Bravo Acquires Cority

On May 28, 2019, private equity firm Thoma Bravo acquired software company Cority

Acquisition Highlights
  • This is Thoma Bravo’s 39th transaction in the Software sector.
  • This is Thoma Bravo’s 5th transaction in Canada.
  • This is Thoma Bravo’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2019-05-28
Target Cority
Sector Software
Buyer(s) Thoma Bravo
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Harris Williams
William Blair (Financial)
Goodwin Procter (Legal)

Target

Cority

Toronto, Ontario, Canada
Cority provides organizations to utilize EHSQ software to advance their journey to sustainability and operational excellence by combining the deepest domain expertise with the most comprehensive and secure true SaaS platform. Cority was founded in 1985 and is based in Toronto, Ontario.

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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 83 of 151
Sector: Software M&A 39 of 69
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 28
State: Ontario M&A 3 of 5
Country: Canada M&A 5 of 7
Year: 2019 M&A 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Apryse

Denver, Colorado, United States

Apryse provides a software development kit that enables document processing, conversion, and collaboration by enterprise customers in a range of industries. Apryse was founded in 1998 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 J.D. Power

Westlake Village, California, United States

J.D. Power is a marketing information services company providing performance improvement, social media, and customer satisfaction insights and solutions. J.D. Power was founded in 1968 and is based in Westlake Village, California.

Buy -
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