M&A Deal Summary

Thoma Bravo Acquires Hypergene

On December 14, 2023, private equity firm Thoma Bravo acquired internet software and services company Hypergene from Monterro

Acquisition Highlights
  • This is Thoma Bravo’s 25th transaction in the Internet Software and Services sector.
  • This is Thoma Bravo’s 1st transaction in Sweden.

M&A Deal Summary

Date 2023-12-14
Target Hypergene
Sector Internet Software and Services
Buyer(s) Thoma Bravo
Sellers(s) Monterro
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
White & Case (Legal)

Target

Hypergene

Malmo, Sweden
Hypergene is a developer of web-based planning, monitoring, and analysis products. It includes solutions for three distinctive segments, performance management, budget/forecast, and analytics and reporting. Hypergene was founded in 1999 and is based in Malmo, Sweden.

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Buyer(S) 1

Buyer

Thoma Bravo

Chicago, Illinois, United States

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 135 of 142
Sector (Internet Software and Services) 25 of 26
Type (Secondary Buyout) 32 of 34
Country (Sweden) 1 of 1
Year (2023) 6 of 6
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
2024-02-05 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.

Buy $1.5B

Seller(S) 1

SELLER

Monterro

Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 4.3B SEK
Size Middle-Market
Type Sector Focused
DESCRIPTION

Moterro is a Swedish investment group that invests in and grows Nordic-based software companies. Moterro invests in enterprise, B2B-based companies past venture stage with proven products and potential to become a market leader in their niches. Monterro was established in 2012 and is headquartered in Stockholm.


DEAL STATS #
Overall 7 of 8
Sector (Internet Software and Services) 1 of 2
Type (Secondary Buyout) 4 of 5
Country (Sweden) 7 of 8
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Omnia

Stockholm, Sweden

Omnia is a provider of cloud-based digital workplace software designed to improve employee experiences for mid to large organizations. Omnia helps organizations improve internal communication, collaboration, and knowledge-sharing. Omnia is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 Next One Technology

Linkoping, Sweden

Next One Technology develops and delivers the product, which is a fully cloud-based project and business management tool for construction, maintenance, and contractor business industries. Next One Technology is based in Linkoping, Sweden.

Sell -