Thoma Bravo related stories
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Riverbed buyout to be funded by $575 mln senior notes offeringRiverbed Technology Inc and Project Homestake Merger Corp have announced that the latter intends to privately offer US$575 million of senior notes. Net proceeds of the offering will contribute to the funding of the acquisition of Riverbed by U.S. private equity firm Thoma Bravo and Teachers' Private Capital, an investment arm of Ontario Teachers' Pension Plan. The deal, which was announced in late 2014 /canada/2014/12/15/ontario-teachers-thoma-bravo-to-buy-riverbed-for-3-6-bln-reuters/ is priced at US$3.6 billion. Based in San Francisco, Riverbed is a network equipment maker.
JMI Equity and TPG Growth sell PowerPlan to Thoma BravoThoma Bravo has bought Atlanta-based PowerPlan, a provider of of accounting, tax and capital budgeting optimization solutions for capital asset-intensive businesses. The sellers were JMI Equity and TPG Growth. No financial terms were disclosed. William Blair provided financial advice to PowerPlan on the transaction.
- Thoma Bravo seeks top-up fund amid tech LBO bonanza -- Reuters
Thoma Bravo LLC, the private equity firm behind some of the technology sector’s largest leveraged buyouts, is seeking more money from investors for deals, less than a year after it raised a $3.65 billion fund, people familiar with the matter told Reuters.
Thoma Bravo seeks top-up fund amid tech LBO bonanza: Reuters exclusiveThoma Bravo LLC, the private equity firm behind some of the technology sector’s largest leveraged buyouts, is seeking more money from investors for deals, less than a year after it raised a $3.65 billion fund, people familiar with the matter told Reuters.
- Genstar Capital completes Telestream acquisition
Thoma Bravo has closed its sale of Telestream to Genstar Capital. No financial terms were disclosed. Lazard provided financial advice to Telestream on the transaction. Based in Nevada City, California, Telestream is a provider of live and on-demand digital video tools and workflow solutions.
- Genstar Capital promotes four
The promotions move three to managing director and a fourth to Principal
- Thoma Bravo to sell Telestream to Genstar Capital
Genstar Capital has agreed to buy Telestream. The seller is Thoma Bravo. No financial terms were disclosed. Silverwood Partners was financial advisor on the transaction while Ropes & Gray was legal counsel to Genstar. Based in Nevada City, Calif., Telestream is a provider of live and on-demand digital video tools and workflow solutions.
- Riverside Partners promotes three
Riverside Partners has promoted Michelle Noon and Max Osofsky to partner. The company has also promoted Craig Stern to principal. Prior to joining Riverside, Noon worked at Thoma Bravo and Morgan Stanley while Osofsky was at Summit Partners where he served as a vice president. And before joining Riverside, Stern was at Nextag where he worked as a vice president of corporate development.
- LP Scorecard: Young funds from EnCap, Thoma Bravo off to fast start for Nevada PERS
While it is difficult to get a true read on how a fund is faring until four or five years have passed, Public Employees’ Retirement System of Nevada has a bunch of young funds that are showing promise. The accompanying table shows the top three funds by investment multiple in the Nevada PERS private equity portfolio for each vintage going back to 2010; the data is current as of year-end 2013.