Thoma Bravo related stories
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LANDesk Software Buys VMware Product LineLANDesk Software, a provider of lifecycle management software, has acquired VMware’s Protect product family of IT management solutions, which VMware acquired through its purchase of Shavlik Technologies in 2011. Terms were not disclosed. LANDesk Software is a portfolio company of private equity firm Thoma Bravo.
- CHS Capital Spawning Three PE Firms
Three senior executives at CHS Capital are forming a Chicago buyout firm called Shorehill Capital, which will be seeded with about $100 million from its principals, Buyouts has learned. Separately, four other members of the CHS’s investment team are apparently combining their talents behind a new private equity firm billing itself as a specialist in growth-oriented investments in business services, health care and education, and a third firm is also in the works by a leading executive at the firm.
Deal Count Drops 21% in Q1; Pipeline BuildsCatching their breaths after a rush of mergers to beat higher taxes in the fiscal cliff pact, U.S. leveraged buyout firms closed 21 percent fewer deals in the first quarter of 2013 compared to the year-ago period. Meantime, disclosed dollar volume rose by nearly $3 billion as target companies held out for higher prices, according to results compiled by Buyouts.
- New Mountain, Levine Leichtman Hit Fund Trail
The fundraising market may be difficult but that’s not stopping New Mountain Capital and Levine Leichtman Capital, sister Web site peHUB reported. New Mountain is officially out marketing for a $3 billion fund, while Levine Leichtman is seeking $1.5 billion for its latest structured pool which may be increased to $2 billion.
New Mountain, Levine Leichtman Hit Fundraising Trail for New PoolsThe fundraising market may be difficult but that's not stopping New Mountain Capital and Levine Leichtman Capital. New Mountain is officially out marketing for a $3 billion fund, while Levine Leichtman is seeking $1.5 billion for its latest structured pool which may be increased to $2 billion.
- Newspaper Deals Hit And Miss With PE Firms
While the sale of the parent of the Chicago Tribune is drawing interest from Lee Mitchell, a managing partner of private equity firm Thoma Bravo LLC, a much smaller weekly paper in Boston plans to shut down for lack of a buyer.
- Reuters – Buyout Firms Team up On BMC Deal
Private equity firms are joining forces in the auction of BMC Software Inc, four people familiar with the matter said on Thursday, making it more likely that the business software maker will be taken private in a deal that will top $6 billion, Reuters reported. Shares of BMC jumped as high as 9 percent on the news and were trading up 4.1 percent at $45.71 in early afternoon trading, giving the Houston, Texas-based company a market value of around $6.6 billion. KKR & Co LP and TPG Capital LP have formed a consortium, the people said on condition of anonymity because the process is confidential. Bain Capital LLC and Golden Gate Capital have separately also teamed up for the auction, the people added.
Newspaper Deals Hit and Miss with PE FirmsWhile the sale of the parent of the Chicago Tribune is drawing interest from Lee Mitchell of private equity firm Thoma Bravo LLC, a much smaller weekly paper in Boston plans to shut down for lack of a buyer.
- Tripwire Buys nCircle
Tripwire Inc., a provider of IT security software, is buying information risk and security performance management company nCircle. Terms were not released. Tripwire is backed by Thoma Bravo. The acquisition was financed in part by Thoma Bravo, along with cash from Tripwire’s own earnings and bank loans, the firm said.