M&A Deal Summary

Thoma Bravo Acquires Imprivata

On July 13, 2016, private equity firm Thoma Bravo acquired information technology company Imprivata for 544M USD

Acquisition Highlights
  • This is Thoma Bravo’s 17th transaction in the Information Technology sector.
  • This is Thoma Bravo’s 37th largest (disclosed) transaction.
  • This is Thoma Bravo’s 53rd transaction in the United States.
  • This is Thoma Bravo’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2016-07-13
Target Imprivata
Sector Information Technology
Buyer(s) Thoma Bravo
Deal Type Going Private
Deal Value 544M USD
Advisor(s) Barclays Investment Bank (Financial)
Goodwin Procter (Legal)

Target

Imprivata

Waltham, Massachusetts, United States
Imprivata is a provider of authentication, identity, and access solutions for healthcare organizations globally. The Imprivata platform addresses critical compliance and security challenges while improving productivity and the patient experience. The company’s solutions include an authentication, single sign-on and workflow automation platform; a multi-factor authentication platform for e-prescribing controlled substances, remote access, and clinical workflows; cloud-based secure communication and messaging platform; and a patient identification system using biometric technology. Imprivata was founded in 2001 and is based in Lexington, 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 55 of 140
Sector (Information Technology) 17 of 37
Type (Going Private) 16 of 39
State (Massachusetts) 2 of 7
Country (United States) 53 of 120
Year (2016) 6 of 7
Size (of disclosed) 37 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Trader

Etobicoke, Ontario, Canada

Trader is a digital automotive marketplace and software solutions provider. The company's marketing software solutions enable dealers to manage their websites, digital marketing campaigns, and inventory. Its online marketplaces and destinations include autotrader.ca, autohebdo.net, and Autos.ca. Trader was founded in 1975 and is based in Etobicoke, Ontario.

Buy CA$1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 T2 Systems

Indianapolis, Indiana, United States

T2 Systems is a provider of unified SaaS (Software as a Service) parking management solutions. T2 Systems's comprehensive portfolio of services includes solutions that help organizations manage parking permits, citations, gated parking facilities, and special events. T2 Systems was established in 1994 and is based in Indianapolis, Indiana.

Buy -
Mergr

Product

Company

Legal