Thoma Bravo related stories
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Thoma Bravo, Providence Line Up For More DividendsSome PE firms should be giving thanks to the bubbling high yield market. It's the day before Thanksgiving and dividend recaps are still coming. First up is Flexera Software, a portfolio company of Thoma Bravo. Flexera, which was formerly known as Acresso Software, is launching a $215 million loan http://www.loanconnector.com/loanconnector/LPC_LC2_Home.do to pay a dividend to its shareholders, according to Thomson Reuters Loan Pricing Corp. Barclays and RBC Capital Markets are leading the sale of the loan, LPC said . In 2008, Thoma Bravo acquired the software business unit of Macrovision Corp., which became Acresso Software. Acresso changed its name to Flexera last year.
- Francisco, Golden Gate and Thoma Bravo Ink $2.2 Bln Deal for Novell: UPDATED
We finally have some news on Novell. Today, PE-backed Attachmate Corp. agreed to buy Novell for $6.10 a share, or $2.2 billion. Novell also inked a deal to sell certain intellectual property assets to CPTN Holdings, which is a consortium of tech companies organized by Microsoft, for $450 million. The $6.10 a share offer represents a 9% premium to Novell's closing share price on Friday.
- UPS Inks Deal to Sell Logistics Technologies Unit To Thoma Bravo
UPS has agreed to sell its logistics technologies unit to Thoma Bravo, a San Francisco PE firm. Financial terms were not announced. The logistics technologies unit, based in Baltimore, Md., creates high-tech transportation routing and fleet management systems.
- Sirius Computer To Buy MSI Systems
Sirius Computer Solutions, a Thoma Bravo portfolio company, has agreed to buy MSI Systems Integrators. Financial terms weren't announced. Omaha-based MSI is an IT integration firm. Sirius, of San Antonio, Texas, is an IT services providers. Thoma Bravo is PE firm that invests in mid-market technology and services companies.
- Williamson Joins Manatron as Senior Project Manager
Manatron, a Thoma Bravo portfolio company, said Tuesday that Cynthia Williamson had joined the company as a senior project manager. Most recently, Williamson owned and operated her own company that provided property tax and assessment software consulting services for state and local government. Manatron, of Portage, Mich., provides software and services for state and local governments. Thoma Bravo is a PE firm.
- Thoma Bravo Closes LANDesk Buy But Silent on Novell
Thoma Bravo has completed its buy of LANDesk Software. Salt Lake City-based LANDesk provides systems lifecycle management, endpoint security and IT service management. The seller was Emerson Electric Co., which acquired LANDesk via its $1.2 billion buy of Avocent in 2009. Avocent itself bought LANDesk in 2006 for $416 million. LANDesk’s software “lets corporate IT departments manage all endpoints, like PCs or mobile devices,” says Seth Boro, a Thoma Bravo principal.
- Deal of the week: Novell reportedly attracts multiple bidders
Silver Lake, GTCR said to join Thoma Bravo as possible suitors of the software developer
- Hyland, Backed By Thoma Bravo, Buys Computer Systems Co.
Hyland Software, which is backed by Thoma Bravo, has bought Computer Systems Co., which provides business and clinical healthcare software and document conversion services. Financial terms were not announced. Both Hyland and CSC are based in Cleveland. Hyland, a software vendor, is the developer of OnBase, a suite of document and process management services. Thoma Bravo, with offices in San FrancisCo and Chicago, invests in mid-market technology and services companies.
- Who Else Is Bidding for Novell? We've heard...
There are a lot of names being mentioned in the Novell auction. The newsiest is that Silver Lake Partners, the PE firm that invests in big tech companies like Instinet and Flextronics, is supposedly bidding for Novell. Some people are saying they are involved and some are saying the rumors are completely false. I don't know what to believe. GTCR Golder Rauner, the Chicago PE firm, is also being mentioned. GTCR was looking at Novell, sources say, but it's not clear if they are still involved.
- Thoma Bravo emerges as Novell’s mystery PE bidder
Sale of huge software developer could wrap up within the next three to four weeks