M&A Deal Summary

Thomson Reuters Acquires Manatron

On June 2, 2011, Thomson Reuters acquired software company Manatron from Thoma Bravo

Acquisition Highlights
  • This is Thomson Reuters’ 6th transaction in the Software sector.
  • This is Thomson Reuters’ 21st transaction in the United States.
  • This is Thomson Reuters’ 2nd transaction in Michigan.

M&A Deal Summary
Date 2011-06-02
Target Manatron
Sector Software
Buyer(s) Thomson Reuters
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition
Advisor(s) Aeris Partners LLC (Financial)

Target

Manatron

Portage, Michigan, United States
Manatron is focused on providing software and services to enable state and local governments in North America to completely, fairly and efficiently assess real and personal property, and to bill and collect the related property taxes in their jurisdictions. The Company’s software manages the entire property life cycle, which includes deed recording, land records, GIS (Geographic Information System) integration, valuation, assessment administration, personal property, business licenses, cashiering, tax billing and collection, delinquents and tax sales, and e-government. Manatron is headquartered in Portage, Michigan and has offices located across the United States.

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Buyer(S) 1

Buyer

Thomson Reuters

Toronto, Ontario, Canada
Category Company
Founded 1851
Sector Information Services
Employees25,600
Revenue 6.8B USD (2023)
DESCRIPTION
Thomson Reuters' office in Eagan, Minnesota.
Thomson Reuters' office in Eagan, Minnesota.

Thomson Reuters is an information source for businesses and professionals. Thomson Reuters delivers information to decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs people and operates in over 100 countries. Thomson Reuters was originally incorporated in 1851 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 31 of 57
Sector (Software) 6 of 13
Type (Add-on Acquisition) 28 of 50
State (Michigan) 2 of 2
Country (United States) 21 of 33
Year (2011) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 World-Check

London, United Kingdom

World-Check Limited is a provider of risk-related intelligence to the private sector. The company maintains a global database of potential high risk individuals including money launderers, terrorists, fraudsters, and politically exposed persons as well as information on known associates, legal entities and corporations

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-04 Solcara

Harefield, United Kingdom

Solcara Ltd. is a provider of federated search and knowledge management software solutions. Company provides an integrated search solution across internal and online content whilst Solcara KnowHow enables firms to collect, classify, browse and search high value information assets.

Buy -

Seller(S) 1

SELLER

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 10 of 79
Sector (Software) 5 of 33
Type (Add-on Acquisition) 6 of 36
State (Michigan) 1 of 2
Country (United States) 10 of 73
Year (2011) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-23 Tripwire

Portland, Oregon, United States

Tripwire provides automated compliance and security management software solutions to enterprises and governments worldwide. The company’s solutions enable customers to secure highly sensitive data within their IT environments by detecting malicious changes made to hardware and software systems housing the data and remediating the change to ensure IT compliance is maintained. Tripwire is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 Excelligence Learning

Monterey, California, United States

Excelligence Learning is a developer, manufacturer, distributor, and multi-channel retailer of educational products. The company provides a full-line selection of branded, private label, and proprietary products across several categories, including arts and crafts, infant and toddler, active play, dramatic play, furniture and equipment, math, language, and science. Excelligence Learning was formed in 1985 and is headquartered in Monterey, California.

Sell -
Mergr

Product

Company

Legal