M&A Deal Summary

Thoma Bravo Acquires Everbridge

On February 5, 2024, private equity firm Thoma Bravo acquired internet software and services company Everbridge for 1.5B USD

Acquisition Highlights
  • This is Thoma Bravo’s 27th transaction in the Internet Software and Services sector.
  • This is Thoma Bravo’s 25th largest (disclosed) transaction.
  • This is Thoma Bravo’s 119th transaction in the United States.
  • This is Thoma Bravo’s 7th transaction in Massachusetts.

M&A Deal Summary

Date 2024-02-05
Target Everbridge
Sector Internet Software and Services
Buyer(s) Thoma Bravo
Deal Type Going Private
Deal Value 1.5B USD
Advisor(s) Qatalyst Partners (Financial)
Cooley (Legal)

Target

Everbridge

Burlington, Massachusetts, United States
Everbridge offers web-based emergency and incident notification solutions for organizations to prepare and communicate during emergencies. Everbridge was founded in 2002 and is based in Burlington, Massachusetts.

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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 136 of 139
Sector (Internet Software and Services) 27 of 27
Type (Going Private) 38 of 39
State (Massachusetts) 7 of 7
Country (United States) 119 of 120
Year (2024) 1 of 4
Size (of disclosed) 25 of 47
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 Darktrace

Cambridge, United Kingdom

Darktrace is a provider of cyber defense software that helps enterprises and government bodies protect themselves against advanced attacks and data compromises from within the network. Darktrace's approach allows enterprises to protect their information and intellectual property from state sponsored, criminal groups or malicious employees whom are already inside the networks of every critical infrastructure company. Darktrace combines decades of government cyber threat expertise with world-leading University of Cambridge mathematicians, and software engineers who have experience deploying the largest, most sensitive software. Darktrace was incorporated in 2013 and is based in Cambridge, the United Kingdom.

Buy $5.0B