M&A Deal Summary

Thoma Bravo Acquires Greenphire

On May 26, 2021, private equity firm Thoma Bravo acquired information technology company Greenphire from The Riverside Company

Acquisition Highlights
  • This is Thoma Bravo’s 26th transaction in the Information Technology sector.
  • This is Thoma Bravo’s 95th transaction in the United States.
  • This is Thoma Bravo’s 7th transaction in Pennsylvania.

M&A Deal Summary
Date 2021-05-26
Target Greenphire
Sector Information Technology
Buyer(s) Thoma Bravo
Sellers(s) The Riverside Company
Deal Type Secondary Buyout
Advisor(s) Jefferies
AGC Partners (Financial)
Jones Day (Legal)

Target

Greenphire

King of Prussia, Pennsylvania, United States
Greenphire is a provider of clinical payment technology, designed to change the way research professionals work. The Company leverages its proprietary workflow automation and advanced web‐based payment technologies to help clients improve operational efficiency, reduce costs, mitigate regulatory risks, increase subject retention and compliance, and produce quantifiable results that improve clinical operations and strategic planning. Greenphire was founded in 2007 and is based in King of Prussia, Pennsylvania.

Search 201,429 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

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 105 of 140
Sector (Information Technology) 26 of 37
Type (Secondary Buyout) 30 of 32
State (Pennsylvania) 7 of 7
Country (United States) 95 of 120
Year (2021) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Infogix

Naperville, Illinois, United States

Infogix is a developer and marketer proprietary suite of unique, automated, end-to-end software solutions to help corporate customers control and monitor, analyze and improve their data accuracy. Infogix was founded in 1982 and is based in Naperville, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 QAD

Santa Barbara, California, United States

QAD is a provider of enterprise applications for global manufacturing companies. The company's applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with customers, suppliers, and partners to make and deliver the right product, at the right cost and at the right time. QAD was founded in 1979 and is based in Santa Barbara, California.

Buy $2.0B

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 169 of 191
Sector (Information Technology) 6 of 6
Type (Secondary Buyout) 66 of 77
State (Pennsylvania) 5 of 5
Country (United States) 121 of 133
Year (2021) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Bentley Laboratories

Edison, New Jersey, United States

Bentley Laboratories is a formulator, manufacturer, and packager of a wide range of cosmetic products, and serves as a certified manufacturer for major brands and a variety of niche brand marketers. Bentley Laboratories was founded in 1982 and is based in Edison, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-28 SCRAM Systems

Littleton, Colorado, United States

SCRAM Systems is a provider of technology-enabled monitoring solutions and groundbreaking offender management software for state and local judicial systems and corrections departments.

Sell -
Mergr

Product

Company

Legal