M&A Deal Summary

Thoma Bravo Acquires SailPoint

On August 8, 2014, private equity firm Thoma Bravo acquired information technology company SailPoint

Acquisition Highlights
  • This is Thoma Bravo’s 10th transaction in the Information Technology sector.
  • This is Thoma Bravo’s 38th transaction in the United States.
  • This is Thoma Bravo’s 4th transaction in Texas.
Investment Fate
  • SailPoint went public in 2017.
  • SailPoint was sold to a financial buyer in 2022 for 6.9B USD.

M&A Deal Summary
Date 2014-08-08
Target SailPoint
Sector Information Technology
Buyer(s) Thoma Bravo
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Foros Group (Financial)
Vinson & Elkins (Legal)

Target

SailPoint

Austin, Texas, United States
SailPoint provides independent identity and access management (IAM) solutions to securely and effectively deliver and manage user access from various devices to data and applications residing in the datacenter, on mobile devices, and in the cloud for organizations worldwide. SailPoint was founded in 2004 and is based in Austin, Texas.

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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 39 of 140
Sector (Information Technology) 10 of 37
Type (Buyout (LBO, MBO, MBI)) 14 of 28
State (Texas) 4 of 18
Country (United States) 38 of 120
Year (2014) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Sparta Systems

Hamilton, New Jersey, United States

Sparta Systems is a provider of quality management software to the pharmaceutical, medical device, and consumer products industries. Sparta’s software solutions help improve quality outcomes and incident response, with improved regulatory compliance and lower administrative costs. Its flagship platform, TrackWise, is used by 35 of the top 40 pharma companies and 13 of the top 15 medical device manufacturers. Sparta has over 825,000 individual users overall across more than 30 countries. Sparta Systems was formed in 1994 and is based in Hamilton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Compuware

Detroit, Michigan, United States

Compuware Corp. empowers the world’s largest companies to excel in the digital economy by taking full advantage of their mainframe investments. Compuware Corp. does this by delivering innovative software that enables IT, professionals, with mainstream skills to develop, deliver and support mainframe applications with ease and agility. Our modernized solutions uniquely automate mainframe work, integrate into a cross-platform DevOps toolchain and measure software delivery quality, velocity and efficiency.

Buy $2.5B
Mergr

Product

Company

Legal