M&A Deal Summary

Thoma Bravo Acquires Hyland

On July 31, 2007, private equity firm Thoma Bravo acquired software company Hyland

Acquisition Highlights
  • This is Thoma Bravo’s 7th transaction in the Software sector.
  • This is Thoma Bravo’s 13th transaction in the United States.
  • This is Thoma Bravo’s 1st transaction in Ohio.

M&A Deal Summary
Date 2007-07-31
Target Hyland
Sector Software
Buyer(s) Thoma Bravo
Deal Type Buyout (LBO, MBO, MBI)

Target

Hyland

Westlake, Ohio, United States
Hyland is a developer and marketer of enterprise content management (ECM) software. The company's OnBase enterprise content management solution is deployable at both the departmental and enterprise levels and provides organizations with unique, modular solutions that help them streamline their work processes and share information among their employees, business partners, and customers. Hyland was founded in 1991 and is based in Cleveland, Ohio.

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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 13 of 140
Sector (Software) 7 of 59
Type (Buyout (LBO, MBO, MBI)) 5 of 28
State (Ohio) 1 of 2
Country (United States) 13 of 120
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-25 Embarcadero Technologies

San Francisco, California, United States

Embarcadero Technologies, Inc. provides professional grade database management tools for designing, developing and managing databases and the data they contain. More than 12,000 customers worldwide and over 90% of Fortune 100 companies rely on the company's cross-platform tools to reduce complexity, improve productivity and strengthen security in their database applications.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-09 Porter and Chester Institute

Wethersfield, Connecticut, United States

Porter and Chester Institute is a postsecondary educational institution, that provides technical, business and health related occupational training through seven campuses in Connecticut and Massachusetts. Porter and Chester Institute was founded in 1946 and is based in Wethersfield, Connecticut.

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