Thoma Bravo, Providence Line Up For More Dividends
Some 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 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.
24 November 2010•1 min read
