M&A Deal Summary

Thoma Bravo Acquires QAD

On June 28, 2021, private equity firm Thoma Bravo acquired software company QAD for 2.0B USD

Acquisition Highlights
  • This is Thoma Bravo’s 50th transaction in the Software sector.
  • This is Thoma Bravo’s 22nd largest (disclosed) transaction.
  • This is Thoma Bravo’s 96th transaction in the United States.
  • This is Thoma Bravo’s 24th transaction in California.

M&A Deal Summary
Date 2021-06-28
Target QAD
Sector Software
Buyer(s) Thoma Bravo
Deal Type Going Private
Deal Value 2.0B USD

Target

QAD

Santa Barbara, California, United States
QAD is a provider of enterprise applications for global manufacturing companies. The company's applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with customers, suppliers, and partners to make and deliver the right product, at the right cost and at the right time. QAD was founded in 1979 and is based in Santa Barbara, California.

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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 106 of 139
Sector (Software) 50 of 59
Type (Going Private) 25 of 39
State (California) 24 of 31
Country (United States) 96 of 120
Year (2021) 8 of 19
Size (of disclosed) 22 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Greenphire

King of Prussia, Pennsylvania, United States

Greenphire is a provider of clinical payment technology, designed to change the way research professionals work. The Company leverages its proprietary workflow automation and advanced web‐based payment technologies to help clients improve operational efficiency, reduce costs, mitigate regulatory risks, increase subject retention and compliance, and produce quantifiable results that improve clinical operations and strategic planning. Greenphire was founded in 2007 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 iOFFICE

Houston, Texas, United States

iOFFICE is a provider of enterprise workplace SaaS platform, mobile tools and analytics to simplify facility management, empower employees and increase workplace productivity. iOFFICE is based in Houston, Texas.

Buy -
Mergr

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