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Thoma Bravo

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Medallia lands with lenders after Thoma Bravo’s $5bn loss
business1 month ago

Medallia lands with lenders after Thoma Bravo’s $5bn loss

A Blackstone-led consortium, including Apollo and KKR, will take control of Medallia from Thoma Bravo and inject $150 million to cut its debt, wiping out nearly all of Thoma Bravo’s roughly $5 billion investment in what’s described as one of private equity’s biggest losses. Thoma Bravo had admitted overpaying for Medallia, whose debt exploded after a high-growth buyout in 2021, and had resisted further cash injections while lenders pressed for relief. The deal aims to stabilize Medallia and fund next‑phase AI investments, while the lender-backed takeover marks a rare PE setback at scale.

via Financial Times|
#blackstone#business#medallia
Thoma Bravo bets on software takeovers as AI fears weigh on valuations
private-equity5 months ago

Thoma Bravo bets on software takeovers as AI fears weigh on valuations

Thoma Bravo is seeking to capitalize on a sell-off in software stocks with potential large takeovers, calling the correction a huge buying opportunity as AI fears push valuations down; co-founder Orlando Bravo says the value in software lies in domain knowledge and leadership in specific processes rather than code, and notes that specialised players may be insulated from AI disruption, though more general software firms could be vulnerable; the firm has recently raised a software-focused fund and has been active in deals like Dayforce, while peers such as Apollo and Blackstone have grown cautious on software investments amid AI risks.

via Financial Times|
#ai#private-equity#software
Thoma Bravo Approaching $2 Billion Acquisition of Verint
business10 months ago

Thoma Bravo Approaching $2 Billion Acquisition of Verint

U.S. private equity firm Thoma Bravo is close to acquiring call center software company Verint Systems for about $2 billion, including debt, in a deal that may close soon. Despite Verint's stable revenue and profitability, its growth has stagnated due to strategic missteps and market shifts, especially with the rise of AI. The deal marks a significant financial event for Verint's shareholders and executives but is unlikely to impact Israel's tech industry significantly, as the company has become more U.S.-focused.

via CTech|
#acquisition#business#private-equity
business11 months ago

Dayforce Stock Soars 23% Amid Thoma Bravo Acquisition Rumors

Dayforce's stock surged 24% on reports that private equity firm Thoma Bravo is in talks to acquire the company, which could be a move to go private amid undervaluation in public markets. The company, a player in the human capital management sector, has faced recent challenges but shows signs of growth potential, especially in large enterprise markets. Thoma Bravo's history of software acquisitions and its connection to Dayforce's former leadership suggest strategic interest in the company.

via Investor's Business Daily|
#business#dayforce#private-equity
Thoma Bravo Considers $9bn Takeover of HR Software Firm Dayforce
business11 months ago

Thoma Bravo Considers $9bn Takeover of HR Software Firm Dayforce

Thoma Bravo is in talks to acquire AI-driven HR software provider Dayforce in a deal valued at over $9 billion, aiming to take the company private amid ongoing software sector consolidation. The deal reflects Thoma Bravo's strategy of acquiring undervalued software firms with strong growth potential, as Dayforce's shares surged following the news.

via Private Equity Insights|
#business#dayforce#private-equity
Thoma Bravo in Talks to Acquire Software Company Dayforce
business11 months ago

Thoma Bravo in Talks to Acquire Software Company Dayforce

Thoma Bravo is in negotiations to acquire Dayforce, a human resources management software provider, in a deal that could be announced soon, with the company potentially going private. Dayforce's shares surged in pre-market trading, and the deal reflects ongoing private equity activity despite challenges in the enterprise software market post-Covid-19. The acquisition would mark another strategic move by Thoma Bravo, which has been active in the digital assets and software space this year.

via Bloomberg.com|
#acquisition#business#dayforce
Thoma Bravo Acquires Everbridge in $1.5B Deal
business-technology2 years ago

Thoma Bravo Acquires Everbridge in $1.5B Deal

Thoma Bravo, a private equity firm, is acquiring critical event management software company Everbridge in a $1.5 billion all-cash deal, representing a premium of over 50% on Everbridge’s market cap. Everbridge, which went public in 2016, provides risk intelligence and mass-notification tools for emergency situations. Thoma Bravo sees Everbridge’s suite of SaaS tools as crucial for companies managing geopolitical instability, climate change, and economic risks. The deal is expected to close in Q2 2024, pending regulatory and shareholder approvals.

via TechCrunch|
#business-technology#critical-event-management#everbridge
Thoma Bravo Set to Acquire NextGen Healthcare in $1.6 Billion Deal
business2 years ago

Thoma Bravo Set to Acquire NextGen Healthcare in $1.6 Billion Deal

Private equity firm Thoma Bravo is nearing a deal to acquire NextGen Healthcare, a health records software firm valued at $1.3 billion. Thoma Bravo, known for investing in tech companies, is expected to announce the acquisition this week. The healthcare sector is attracting increased attention from investors due to its use of artificial intelligence (AI), with firms like Google and Amazon making significant investments in AI healthcare startups. Fragmentation in the US healthcare landscape may be hindering the adoption of innovative technologies like generative AI, but major public healthcare organizations are experimenting with new technology to automate processes and improve the overall healthcare experience.

via PYMNTS.com|
#acquisition#business#healthcare-technology
business3 years ago

Nasdaq's $10.5 Billion Acquisition of Adenza Sends Stock Tumbling.

Nasdaq has agreed to acquire financial software company Adenza from private equity firm Thoma Bravo for $10.5 billion in cash and stock, marking the exchange operator's largest-ever deal. The acquisition is part of Nasdaq's efforts to build up its software business, which now accounts for more than a third of its annualized recurring revenues. Adenza provides software to banks, asset managers, exchanges, and other parts of the financial services industry that helps manage regulatory reporting, compliance, and risk management. The purchase requires regulatory approvals and other customary closing conditions and is expected to be completed within six to nine months.

via Yahoo Finance|
#acquisition#adenza#business