M&A Deal Summary |
|
|---|---|
| Date | 2023-09-06 |
| Target | NextGen Healthcare |
| Sector | Information Technology |
| Buyer(s) |
Thoma Bravo
Madison Dearborn Partners |
| Deal Type | Going Private |
| Deal Value | 1.8B USD |
| Advisor(s) | Morgan Stanley (Financial) Latham & Watkins (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 134 of 151 |
| Sector: Information Technology M&A | 34 of 37 |
| Type: Going Private M&A Deals | 36 of 43 |
| State: California M&A | 31 of 32 |
| Country: United States M&A | 120 of 132 |
| Year: 2023 M&A | 3 of 6 |
| Size (of disclosed) | 27 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-23 |
ForgeRock
San Francisco, California, United States ForgeRock is the digital identity management company transforming the way organizations interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the internet of things. ForgeRock was founded in 2010 and is based in San Francisco, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-26 |
Exostar
Herndon, Virginia, United States Exostar is a cloud-based identity and access management and secure collaboration software provider serving the aerospace and defense, healthcare, and life sciences industries. Exostar’s platforms create exclusive communities within these highly-regulated industries where organizations can securely collaborate, share information, and operate compliantly. Exostar was founded in 2000 and is based in Herndon, Virginia. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 31.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 99 of 104 |
| Sector: Information Technology M&A | 10 of 12 |
| Type: Going Private M&A Deals | 9 of 9 |
| State: California M&A | 10 of 10 |
| Country: United States M&A | 85 of 90 |
| Year: 2023 M&A | 2 of 4 |
| Size (of disclosed) | 7 of 25 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-08 |
Syntellis
Chicago, Illinois, United States Syntellis provides innovative enterprise performance management software, data, and analytics solutions for healthcare, higher education, and financial institutions. Syntellis’ solutions include Axiom and Connected Analytics software, which help finance professionals elevate performance by acquiring insights, accelerating decisions, and advancing their business plans. Syntellis was formed in 2020 and is based in Chicago, Illinois. |
Sell | $1.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-10 |
Bazooka Candy Brands
New York, New York, United States Bazooka Candy Brands produces distinctive candy products including Bazooka bubble gum, Ring Pop, Push Pop, Baby Bottle Pop, and Juicy Drop Pop lollipops - as well as manage pre-paid digital and physical gift card solutions for consumer brands. Bazooka Candy Brands was founded in 1938 and is based in New York City. |
Sell | - |
