M&A Deal Summary

Thoma Bravo Acquires Vivian Health

On April 26, 2022, private equity firm Thoma Bravo acquired staffing company Vivian Health from IAC for 60M USD

Acquisition Highlights
  • This is Thoma Bravo’s 1st transaction in the Staffing sector.
  • This is Thoma Bravo’s 47th largest (disclosed) transaction.
  • This is Thoma Bravo’s 110th transaction in the United States.
  • This is Thoma Bravo’s 27th transaction in California.

M&A Deal Summary
Date 2022-04-26
Target Vivian Health
Sector Staffing
Buyer(s) Thoma Bravo
Sellers(s) IAC
Deal Type Divestiture
Deal Value 60M USD

Target

Vivian Health

San Francisco, California, United States
Vivian Health provides healthcare staffing that empowers nurses and healthcare professionals by giving them unprecedented access to transparent and accurate information to aid in their job search. Vivian Health was founded in 2017 and is based in San Francisco, 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 122 of 139
Sector (Staffing) 1 of 1
Type (Divestiture) 13 of 13
State (California) 27 of 31
Country (United States) 110 of 120
Year (2022) 5 of 12
Size (of disclosed) 47 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Tungsten Automation

Irvine, California, United States

Tungsten Automation provides an intelligent automation software platform and solutions to enable organizations to digitally transform content-intensive workflows. The company supports customers in realizing faster time-to-value and increased competitiveness, growth, and profitability by combining Kofax’s cognitive capture, robotic process automation, process orchestration, analytics, and mobile capabilities while helping increase business resiliency and mitigating compliance risk. Tungsten Automation was formed in 1985 and is headquartered in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 Mercell

Oslo, Norway

Mercell delivers services to public and private buyers by providing a software-as-a-service (SaaS)-platform for e-tendering and procurement in Europe. The company is a platform for public e-tendering and entered the procurement market in 2020, and services approximately 30,000 customers across 15 European markets and in the US. Mercell's unique marketplace simplifies the tender and procurement process and makes it safe and easy for buyers to find relevant suppliers for their tenders and daily purchasing needs. It also ensures suppliers find relevant business opportunities and offers tools for suppliers to digitally receive and handle purchases from public and private buyers. Mercell Holding was founded in 1999 and is based in Oslo, Norway.

Buy Nkr3.2B

Seller(S) 1

SELLER

IAC

New York, New York, United States
Category Company
Sector Digital Media
Employees9,500
Revenue 4.4B USD (2023)
DESCRIPTION

IAC is a media and Internet company focused in the core areas of search, applications, online dating, local and media. IAC's network of sites have over a billion total monthly visits in more than 100 countries. The company is headquartered in the Chelsea neighborhood of New York City with business operations and satellite offices around the world. IAC is based in New York, New York.

DEAL STATS #
Overall 19 of 20
Sector (Staffing) 1 of 2
Type (Divestiture) 9 of 10
State (California) 5 of 5
Country (United States) 18 of 19
Year (2022) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Vimeo

White Plains, New York, United States

Vimeo operates a global video sharing platform for creators and their audiences. Vimeo provides professional tools to host, manage, review, distribute and monetize videos online, as well as provide audiences with a high quality, ad-free viewing experience across devices. Vimeo was founded in 2004 and is based in White Plains, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Bluecrew

Chicago, Illinois, United States

Bluecrew is a W-2 Workforce-as-a-Service platform combining the power of flexible W-2 labor, workforce management technology, and actionable data and analytics for businesses with fluctuating demand and labor needs. Bluecrew is based in Chicago, Illinois.

Sell -
Mergr

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