Investment Summary

Thoma Bravo Invests In Figment

On December 20, 2021, private equity firm Thoma Bravo invested in information technology company Figment

Investment Highlights
  • This is Thoma Bravo’s 28th transaction in the Information Technology sector.
  • This is Thoma Bravo’s 6th transaction in Canada.
  • This is Thoma Bravo’s 4th transaction in Ontario.

Investment Summary

Date 2021-12-20
Target Figment
Sector Information Technology
Investor(s) Thoma Bravo
Deal Type Venture

Target

Figment

Toronto, Ontario, Canada
Figment is the largest blockchain infrastructure and services providers. Figment provides enterprise-grade node and staking infrastructure, the Hubble Web 3 explorer, and developer tools while also actively participating in community & governance. Figment was founded in 2018 and is based in Toronto, Ontario.

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Investor(S) 1

Investor

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 118 of 151
Sector: Information Technology M&A 28 of 37
Type: Venture M&A Deals 3 of 4
State: Ontario M&A 4 of 5
Country: Canada M&A 6 of 7
Year: 2021 M&A 19 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Bottomline

Portsmouth, New Hampshire, United States

Bottomline makes complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and fraud detection, behavioral analytics, and regulatory compliance solutions. Bottomline was founded in 1989 and is based in Portsmouth, New Hampshire.

Buy $2.6B
FOLLOWING 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 -