M&A Deal Summary

Thoma Bravo Acquires EQS Group

On November 16, 2023, private equity firm Thoma Bravo acquired information technology company EQS Group for 400M EUR

Acquisition Highlights
  • This is Thoma Bravo’s 36th transaction in the Information Technology sector.
  • This is Thoma Bravo’s 38th largest (disclosed) transaction.
  • This is Thoma Bravo’s 1st transaction in Germany.

M&A Deal Summary

Date 2023-11-16
Target EQS Group
Sector Information Technology
Buyer(s) Thoma Bravo
Deal Type Going Private
Deal Value 400M EUR
Advisor(s) Goldman Sachs (Financial)
GLNS Rechtsanwälte Steuerberater Partnerschaft mbB (GLNS) (Legal)

Target

EQS Group

Munich, Germany
EQS Group is a provider of IT products and services. EQS Investor Relations and EQS Corporate Communications financial and corporate news, develop corporate websites and apps, produce online financial as well as sustainability reports, and execute audio and video broadcasts. EQS Group was founded in 2000 and is based in Munich, Germany.

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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 133 of 142
Sector (Information Technology) 36 of 37
Type (Going Private) 37 of 39
Country (Germany) 1 of 3
Year (2023) 4 of 6
Size (of disclosed) 38 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-26 Exostar

Herndon, Virginia, United States

Exostar is a cloud-based identity and access management and secure collaboration software provider serving the aerospace and defense, healthcare, and life sciences industries. Exostar’s platforms create exclusive communities within these highly-regulated industries where organizations can securely collaborate, share information, and operate compliantly. Exostar was founded in 2000 and is based in Herndon, Virginia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 BlueMatrix

Durham, North Carolina, United States

BlueMatrix is an end-to-end content creation and distribution platform for investment research providers. BlueMatrix facilitates the equitable exchange of critical investment insights by improving the efficiency, collaboration, and security across the complete information lifecycle. BlueMatrix is based in Durham, North Carolina.

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