M&A Deal Summary

Thoma Bravo and Lead Edge Capital Acquire Nearmap

On December 15, 2022, private equity firm Thoma Bravo and growth capital firm Lead Edge Capital acquired information technology company Nearmap for 1.1B AUD

Acquisition Highlights
  • This is Thoma Bravo’s 32nd and Lead Edge Capital’s 6th transaction in the Information Technology sector.
  • This is Thoma Bravo’s 38th and Lead Edge Capital’s 2nd largest (disclosed) transaction.
  • This is Thoma Bravo’s 1st and Lead Edge Capital’s 1st transaction in Australia.

M&A Deal Summary

Date 2022-12-15
Target Nearmap
Sector Information Technology
Buyer(s) Thoma Bravo
Lead Edge Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.1B AUD
Advisor(s) Citi (Financial)
DLA Piper (Legal)

Target

Nearmap

Barangaroo, Australia
Nearmap provides easy, instant access to high resolution aerial imagery, city-scale 3D content, AI data sets, and geospatial tools. Nearmap was founded in 2007 and is based in Barangaroo, Australia.

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Buyer(S) 2

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 131 of 151
Sector: Information Technology M&A 32 of 37
Type: Buyout (LBO, MBO, MBI) M&A Deals 26 of 28
Country: Australia M&A 1 of 1
Year: 2022 M&A 12 of 12
Size (of disclosed) 38 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 Coupa

Foster City, California, United States

Coupa is a cloud-based Business Spend Management (BSM) platform that unifies processes across supply chain, procurement, and finance functions. Coupa was founded in 2006 and is based in Foster City, California.

Buy $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Talend

Suresnes, France

Talend is a provider of open-source software with a range of products including data integration, data quality, master data management and application integration tools. Talend was formed in 2005 and is based in Suresnes, France.

Sell -
Buyer

Lead Edge Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $25 to $300 million. Lead Edge Capital was established in 2009 and is headquartered in New York, New York.


DEAL STATS #
Overall 47 of 54
Sector: Information Technology M&A 6 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
Country: Australia M&A 1 of 1
Year: 2022 M&A 6 of 6
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 Revenue Analytics

Atlanta, Georgia, United States

Revenue Analytics is a provider of Pricing SaaS products to the travel and hospitality, media, and manufacturing/distribution industries. Revenue Analytics is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 GrowthZone

Nisswa, Minnesota, United States

GrowthZone is a provider of software and technology solutions for associations and chambers of commerce. GrowthZone helped over 3,000 member-based organizations grow and retain membership, generate revenue, engage and communicate with members and prospects, and streamline their day-to-day operations. GrowthZone was founded in 1996 and is based in Nisswa, Minnesota.

Buy -