Thoma Bravo related stories
All articles and analysis
- peHUB Rewind
Here's a look at the last week's worth of scoops, data, and analysis from the peHUB team. Catch up on what you missed before it goes behind our paywall... VCs: Thousands Of Companies Will Exit Next Year... http://feedproxy.google.com/%7Er/pehub/blog/%7E3/nsVCbb0YFAY/ Bankers, Get Those Books Off The Shelf! http://feedproxy.google.com/%7Er/pehub/blog/%7E3/mcbFg_1zuRM/ Grant Thornton: Long Term Decline In U.S. IPOs http://feedproxy.google.com/%7Er/pehub/blog/%7E3/Hg_Wxi_kCYk/ PE Pro in Zany Scuffle Over Leftover Wine! http://feedproxy.google.com/%7Er/pehub/blog/%7E3/2D3mjakVDhA/ Business School Theories Severely Tested http://feedproxy.google.com/%7Er/pehub/blog/%7E3/kKOLJzhmMiI/ VC-Backed Tagged.com Settles Spam Suit http://feedproxy.google.com/%7Er/pehub/blog/%7E3/7ax9UXLECLA/ Secondary Market Notebook http://feedproxy.google.com/%7Er/pehub/blog/%7E3/JhYXew6pYGs/ Exclusive: Ronnie Lott Waves Goodbye http://feedproxy.google.com/%7Er/pehub/blog/%7E3/1JeRxjDCtas/ PE and VC Returns Improve, But Exits Still Lacking http://feedproxy.google.com/%7Er/pehub/blog/%7E3/Z71ee9p-8bg/ When Angel Capital Is Not So Angelic http://feedproxy.google.com/%7Er/pehub/blog/%7E3/7KfXCAw_X2M/ Where Are They Now: Atlas VCs Reemerge http://feedproxy.google.com/%7Er/pehub/blog/%7E3/2U5kg6lPkGs/ AdMob: What Internet Bubble? http://feedproxy.google.com/%7Er/pehub/blog/%7E3/WEwyuqNATuU/ Another Time Drain For VCs: Board Seats http://feedproxy.google.com/%7Er/pehub/blog/%7E3/Z5iDyHPw4SM/ Where Are They Now? Looking Back at Last Year's Fundraising Plans http://feedproxy.google.com/%7Er/pehub/blog/%7E3/nI4LD2OeqVk/ Second Market - Canary In The Coal Mine? Silbert Says Yes. http://feedproxy.google.com/%7Er/pehub/blog/%7E3/AJx2HMZIG-M/ Things Looking Up for Redpoint with LifeSize Sale http://feedproxy.google.com/%7Er/pehub/blog/%7E3/Yi8OM3_wEW8/
- Kind of A Big Deal: Thoma Bravo Earns 4x On Datatel Sale
Thoma Bravo this week infused the stale exit market with fresh air, earning a 4x return on its investment in Datatel, a higher education software service provider. After a four-year ownership, the buyout shop sold Datatel to Hellman & Friedman and JMI Equity. Terms weren't disclosed, but a source familiar with the situation said the deal was valued at $570 million, earning Thoma Bravo a 4x return on one of the largest investments from the firm's seventh fund. Under Thoma Bravo's ownership, Datatel doubled its earnings and used its cash flow to pay down debt organically. Meanwhile, Thoma Bravo took a $124 million dividend recap in 2006. I spoke with Orlando Bravo, managing partner of Thoma Bravo, about selling in an exit draught, criticism of sponsor-to-sponsor deals and the importance of "high quality revenue." Get the Q&A after the jump...
- peHUB Wire: Tuesday, November 10, 2009
Tuesday Talkback
- peHUB Wire: Tuesday, November 10, 2009
Tuesday Talkback
- Datatel To Switch Private Equity Sponsors
Hellman & Friedman and JMI Equity have agreed to acquire Datatel Inc., a Fairfax, Va.-based provider of enterprise information management solutions for higher education institutions. No financial terms were disclosed. Sellers include Thoma Bravo, Trident Capital, HarbourVest Partners and JP Morgan Asset Management -- which sponsored a management buyout of Datatel in early 2005.
- peHUB Second Opinion 9.24
Oracle of Style: That whole myth about Warren Buffet wearing the same suit his entire life is now debunked. The Oracle is a converted fan of Trands suits made by a Chinese "farmer-turned-fashion mogul" named Li Guilian. (WSJ http://online.wsj.com/article/SB125374071782835321.html#mod=WSJ_hps_RIGHTTopCarousel ) Pile on The Fees Bandwagon: After Tuesday's criticism on PE fees from All About Alpha ../../../../../../50778/pehub-second-opinion-922/ it's not surprising that more are piling on. Personally I'm all for it, most can agree a number of the "management fees" buyout firms charge to their own companies for taking them private can get out of control. Here's a story on the IPO-ed situations. (Breakingviews http://www.breakingviews.com/2009/09/23/Private%20equity.aspx ) Blackstone wants to buy Seaworld: LolFed is working on an image of Steve Schwarzman riding Shamu ... (LolFed http://lolfed.com/2009/09/23/shamu-meet-your-private-equity-overlord-master/ ) Encouraging Stats: The number of female MBAs at Wharton is on the rise. (Daily Penn http://media.www.dailypennsylvanian.com/media/storage/paper882/news/2009/09/24/News/Percentage.Of.Female.Mbas.Climbing.At.Wharton.Interactive.Feature-3781580.shtml?reffeature=htmlemailedition )
- Done deals, week of Aug. 10, 2009
Deals are disclosed transactions from July 25 to Aug. 5, based on Thomson Reuters data
- Market wrap up: Fund-raising dry spell takes hold
Year-to-date, buyout and mezzanine firms have raised $39.5M
- Thoma Bravo Completes Entrust Buyout
Thoma Bravo has completed its take-private acquisition of Entrust, a Dallas–based company that secures digital identities and information for consumers. The deal was valued at $124 million, or $2 per Entrust share.