M&A Deal Summary

Thoma Bravo and Quilvest Capital Partners Acquire Deltek

On October 10, 2012, private equity firms Thoma Bravo and Quilvest Capital Partners acquired software company Deltek for 1.1B USD

Acquisition Highlights
  • This is Thoma Bravo’s 15th and Quilvest Capital Partners’ 1st transaction in the Software sector.
  • This is Thoma Bravo’s 35th and Quilvest Capital Partners’ 9th largest (disclosed) transaction.
  • This is Thoma Bravo’s 28th and Quilvest Capital Partners’ 37th transaction in the United States.
  • This is Thoma Bravo’s 2nd and Quilvest Capital Partners’ 4th transaction in Virginia.
Investment Fate
  • Deltek was sold to a publicly-traded strategic buyer in 2016 for 2.8B USD.

M&A Deal Summary

Date 2012-10-10
Target Deltek
Sector Software
Buyer(s) Thoma Bravo
Quilvest Capital Partners
Deal Type Going Private
Deal Value 1.1B USD
Advisor(s) Greenhill & Co.
Credit Suisse Investment Banking (Financial)
Fried Frank Harris Shriver & Jacobson (Legal)

Target

Deltek

Herndon, Virginia, United States
Deltek's corporate headquarters in Herndon, Virginia.
Deltek's corporate headquarters in Herndon, Virginia.
Deltek, Inc. is a provider of enterprise applications software designed specifically for project-focused businesses. The Company's software applications enables organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. Deltek is based in Herndon, Virginia.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 29 of 151
Sector: Software M&A 15 of 69
Type: Going Private M&A Deals 9 of 43
State: Virginia M&A 2 of 5
Country: United States M&A 28 of 132
Year: 2012 M&A 5 of 6
Size (of disclosed) 35 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 Consona

Indianapolis, Indiana, United States

Consona offers technology and services across the following software application categories: ERP, CRM, knowledge management, eService, network management and product configuration. Consona’s software and services are used by companies of all sizes, ranging from small businesses to Global 2000 enterprises, across a number of industries, including manufacturing, distribution, high tech, help desks, and telecommunications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-09 WellSky

Overland Park, Kansas, United States

WellSky is a supplier of software as a service (SaaS) and other software platforms for healthcare and human services providers and payers across acute, non-acute, and community-based sites of care. WellSky was founded in 1980 and is based in Overland Park, Kansas.

Buy $195M
Buyer

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 81 of 105
Sector: Software M&A 1 of 4
Type: Going Private M&A Deals 6 of 6
State: Virginia M&A 4 of 5
Country: United States M&A 37 of 44
Year: 2012 M&A 8 of 9
Size (of disclosed) 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-13 Bloomin Brands

Tampa, Florida, United States

Bloomin' Brands is a casual dining restaurant with a portfolio of brands that includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar, and Roy's Hawaiian Fusion Cuisine. Bloomin' Brands was founded in 1988 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Paprec

Paris, France

Paprec operates as a waste recycling company. Paprec was founded in 1994 and is based in Paris, France.

Sell -