Thoma Bravo related stories
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SMAs bulk up BC’s credit debutThe fundraising comes amid a flurry of private equity firms launching credit arms.
- New Mountain backs Sparta
New Mountain Capital has made an undisclosed growth investment in Hamilton, New Jersey-based Sparta Systems Inc, a provider of cloud and on-premise quality management software. As a result of this transaction, Thoma Bravo, Sparta's previous main investor, will retain a minority stake in the company.
- Sterling Group seeks up to $250m for debut credit fund
The US mid-market private equity firm launched its debt practice earlier this summer.
- #Preferredequity
Managers are increasingly blurring the lines between equity and debt and investors should take note, says sister publication Private Debt Investor.
- Thoma Bravo seeks $750m for first private credit fund
The buyout firm is just the latest in a string of technology specialists to launch a debt arm.
- Thoma Bravo targets $750 mln for inaugural credit fund
Thoma Bravo is seeking to raise $750 million for its debut credit fund, according to an SEC filing https://www.sec.gov/Archives/edgar/data/1708208/000170820817000001/xslFormDX01/primary_doc.xml According to its website, the Chicago and San Francisco-based private equity firm currently manages more than $17 billion in equity commitments.
- Thoma Bravo to acquire Frontline Education
Thoma Bravo will acquire Frontline Education, a provider of administrative and HR software solutions for educational organizations. No financial terms were disclosed. As a result of the deal, Insight Venture Partners will retain a minority stake in Frontline. The transaction is expected to close late in the third quarter of this year. UBS Investment Bank was the lead investment adviser for Frontline while Willkie, Farr & Gallagher LLP and Cooley LLP served as legal advisers. And, Kirkland and Ellis LLP advised Thoma Bravo.
- DigiCert to buy Symantec's website security business for $950 mln
DigiCert, a Thoma Bravo portfolio company, is buying Symantec Corp’s website security business and related PKI solutions for about $950 million cash. Symantec will also receive a 30 percent stake in DigiCert’s business. Symantec’s website security unit helps businesses verify the identity of websites, according to press reports. UBS Investment Bank, Credit Suisse, Jefferies Finance LLC and Goldman Sachs Bank USA are providing financing.
PE HUB First ReadFirst Read ushers in the day with news that Molina is cutting 1,500 jobs after posting a big loss, Squares continues its stellar market run, and Symantec is selling its web certificates business for $950 million to Thoma Bravo.