Thoma Bravo related stories
All articles and analysis
Novell's Mystery PE Bidder is Thoma BravoIt’s late in the day and I just learned that Novell’s mystery PE bidder is none other than Thoma Bravo. Novell, a business software developer, has been up for sale since March. At that time, the firm rejected a $5.75 a share, or $2 billion, offer from Elliot Associates. Novell then tapped J.P. Morgan Chase to explore alternatives. On Tuesday, the NY Post said Novell will sell http://www.nypost.com/p/news/business/novell_inc_reaches_two_part_sale_lZKRHKFYO5T9cKq9Dy7WQO in two parts. The publication reported that a strategic partner will buy the Novell piece that develops and delivers Linux SUSE Systems while a PE firm was in line to buy the rest. The story didn't provide names of the bidders, and it said that the huge software developer is three to four weeks away from signing the deal.
- peHUB Wire: Tuesday, August 24, 2010
Random Ramblings
- peHUB Wire: Tuesday, August 24, 2010
Random Ramblings
- Thoma Bravo Buying LANDesk
Thoma Bravo has agreed to acquire LANDesk Software from Emerson (NYSE: EMR). No financial terms were disclosed. LANDesk is a Salt Lake City-based provider of systems lifecycle management, endpoint security and IT service management.
- More Buyers, More Sellers As Mergers Rebound
The M&A market has gone from empty to crowded, with cash-heavy strategics and overhung private equity firms on the prowl for new deals. "It’s crazy busy," says Orlando Bravo, managing partner of Thoma Bravo. "It’s August and the whole financial industry [usually] slows down right before Labor Day, but we’re seeing a lot of activity in investments and portfolio companies." Thoma Bravo, which invests in mid-market technology and services companies, has been particularly busy. The firm closed its $242 million buy of Double-Take Software in July. Last month, it completed a $717 million acquisition of SonicWall, a provider of IT security and data backup and recovery solutions. The downturn provided an opportunity for good deals. Thoma Bravo has completed nine acquisitions, including add-ons, since 2008. It also sold Datatel for $570 million to Hellman & Friedman in 2009, as well as its convertible preferred position in JDA software. Bravo, who himself focuses on software, says firms with a "clean growth business" were selling for 7.5x EBITDA during the downturn. This has since jumped to 9 to 10x EBITDA, he says. Unfortunately, there were
- Vision Solutions Buys Double-Take Software
Vision Solutions Inc., a portfolio company of private equity firm Thoma Bravo, has completed its acquisition of recovery software provider Double-Take Software Inc. The deal was valued at $242 million in cash, or $10.55 per share (21% premium to closing price on last day of trading before Double-Take said it was considering alternatives).
- SonicWall Goes Private
Thoma Bravo and Teachers' Private Capital have completed their take-private acquisition of IT security company SonicWall Inc. The $11.50 per share deal valued SonicWall at around $717 million.
- peHUB Wire: Monday, July 26, 2010
Monday Mouth-Off
- peHUB Wire: Monday, July 26, 2010
Monday Mouth-Off
- peHUB Wire: Wednesday, July 7, 2010
Random Ramblings