M&A Deal Summary |
|
|---|---|
| Date | 2025-09-22 |
| Target | PROS |
| Sector | Software |
| Buyer(s) | Thoma Bravo |
| Deal Type | Going Private |
| Deal Value | 1.4B USD |
| Advisor(s) | Qatalyst Partners (Financial) DLA Piper Wilkinson Barker Knauer (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 | 150 of 151 |
| Sector: Software M&A | 68 of 69 |
| Type: Going Private M&A Deals | 43 of 43 |
| State: Texas M&A | 19 of 19 |
| Country: United States M&A | 131 of 132 |
| Year: 2025 M&A | 8 of 9 |
| Size (of disclosed) | 30 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-08-25 |
Verint
Melville, New York, United States Verint is a provider of Actionable Intelligence solutions to clients. The company's portfolio of Enterprise Intelligence Solutions and Security Intelligence Solutions helps organizations Make Big Data Actionable through the ability to capture, analyze and act on large volumes of rich, complex, and often underused information sources such as voice, video, and unstructured text. Verint was founded in 1994 and is based in Melville, New York. |
Buy | $2.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-11-18 |
Azul Systems
Sunnyvale, California, United States Azul Systems provides Java runtime and virtual machine software for enterprise applications, with the platform offering improved performance, security and cloud-deployment capabilities for Java environments. Azul Systems was founded in 2002 and is based in Sunnyvale, California. |
Buy | - |
