Thoma Bravo related stories
All articles and analysis
Thomson Reuters Completes Buy of ManatronThomson Reuters, publisher of peHUB, has closed its buy of Manatron. Thoma Bravo was the seller. Manatron provides property tax automation and land registry software for governments and municipalities around the world.
- Thoma Bravo to Sell Excelligence Learning to Sterling -- CORRECTED
Sterling Investment Partners has agreed to buy Excelligence Learning Corp. from Thoma Bravo. Financial terms were not announced. Monterey, Calif.-based Excelligence develops, distributes and makes educational products and supplies for child care programs, preschools, elementary schools, and consumers. CORRECTION: Thoma Bravo acquired Excelligence in 2006 and will realize an IRR of 2.5x, ROI of 2.5x and an IRR of 22%, a spokesman says. William Blair & Co. advised Excelligence.
- U.S. Renal Fails To Find Buyer, Pays $137.5 Mln Dividend to Sponsors (Including Cressey & Co.)
U.S. Renal Care, which is backed by several sponsors including Cressey & Co., failed to find a buyer earlier this year and is now paying a dividend to its shareholders, four sources say. Plano, Texas-based U.S. Renal Care, which provides outpatient dialysis services, was up for sale during the spring, three people say. U.S. Renal was looking to sell for multiples that were “pretty lofty,” one source says. The company was looking for bids in the 8-9x range and the market was offering 6-7x, the source says. One banker says U.S. Renal received lots of offers but decided to pass.
- Thoma Bravo Completes Buy of Tripwire
Thoma Bravo has completed its buy of Tripwire. Financial details were not announced. Tripwire, of Portland, Ore., provides network security and compliance software.
- Thoma Bravo to Buy Tripwire
Thoma Bravo has agreed to buy Tripwire, a Portland provider of audit software for businesses and government agencies. Financial terms weren't announced. Original investors include Advanced Technology Ventures, Bessemer Venture Partners, BA Ventures and Institutional Venture Partners. JP Morgan provided financial advice to Tripwire.
- Apax Inks $2B Deal for Epicor, Activant
Today, Apax Partners announced plans to buy two software firms in a combined deal valued at about $2 billion. First, Apax is buying Activant Solutions, a Livermore, Calif.-based provider of enterprise resource planning software for mid-market retailers and distributors. Activant had 2009 revenue of $378.9 million and over 1700 employees, according to the company’s web site. Hellman & Friedman, Thoma Bravo and JMI Equity, which acquired Activant in 2006, are the sellers.
- HHI Pays Out More Than $300 Mln in Distributions to KPS and other investors
How strong are the leveraged loan markets? In the past year, KPS Capital Partners and other investors has received more than $300 million in cash distributions from portfolio company HHI Group Holdings. The latest payout came today when the PE firm announced HHI had completed a $425 million recap http://www.kpsfund.com/newsandpressreleases/HHI%20Recap%203%20MassBlast.htm The debt package included a $100 million credit facility and $325 million term loan. HHI used the proceeds to fund a $100 million cash payout to stockholders http://www.kpsfund.com/newsandpressreleases/HHI%20Recap%203%20MassBlast.htm to refinance debt and to fund its continued growth.
- Thoma Bravo Recaps Entrust, Proceeds To Partly Pay Dividend--CORRECTED
Thoma Bravo has recapped Entrust, a Dallas data security company. It's not clear how big the recap was but proceeds were used to pay a dividend to shareholders, as well as to retire existing debt and for other corporate purposes, a source says.
- Riverside Partners Promotes Two to Principal
Riverside Partners, a private equity firm focused on healthcare and technology investments, has promoted Michelle Simon Noon and Max Osofsky to principal. Both joined the firm in 2008. Noon has completed investments in the software, communications equipment, precision manufacturing and renewable energy industries. Osofsky has worked on investments across the healthcare and technology sectors.