Buyout (LBO, MBO, MBI) • Software

Thoma Bravo Acquires Starburst

On January 1, 2022, private equity firm Thoma Bravo acquired software company Starburst

Acquisition Context
  • This is Thoma Bravo’s 58th transaction in the Software sector.
  • This is Thoma Bravo’s 109th transaction in the United States.
  • This is Thoma Bravo’s 6th transaction in Massachusetts.

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M&A Deal Summary

Date January 1, 2022
Target Starburst
Sector Software
Buyer(s) Thoma Bravo
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Starburst

Boston, Massachusetts, United States
Starburst is the analytics engine that provides the most efficient analytics engine for data warehouse, data lake, or data mesh. The company unlocks the value of distributed data by making it fast and easy to access, no matter where it lives. Starburst queries data across any database, making it instantly actionable for data-driven organizations. It lowers the total cost of their infrastructure and analytics investments, prevents vendor lock-in, and uses the existing tools that work for their business. Starburst was founded in 2017 and is based in Boston, Massachusetts.
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Buyer Overview 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 Context for Buyer #
Overall 120 of 151
Sector: Software 58 of 69
Type: Buyout (LBO, MBO, MBI) 25 of 28
State: Massachusetts 6 of 7
Country: United States 109 of 132
Year: 2022 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 Paradox

Scottsdale, Arizona, United States

Paradox is a conversational AI and workflow automation software platform that serves human resources functions in companies. Paradox offers an AI-powered recruiting assistant, named Olivia, focused on capturing candidate data, answering general candidate questions, qualifying leads, and scheduling interviews. Paradox was founded in 2016 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Project44

Chicago, Illinois, United States

Project44 is a provider of cloud-based platforms that connects, automates, and provides visibility into key transportation processes to accelerate insights and drive better decisions. Project44 was founded in 2014 and is based in Chicago, Illinois.

Buy -