Thoma Cressey lengthens name

The veteran US private equity firm has changed its name to Thoma Cressey Bravo.

Private equity powerhouse Thoma Cressey Equity Partners has added a managing partner’s name to its moniker.

The Chicago-headquartered firm is now called Thoma Cressey Bravo, an issued statement said, “in recognition of the substantial contributions of Orlando Bravo”.

Employed with the firm for nearly a decade, Bravo heads up its San Francisco office, as well as its software and technology-related investments. According to the firm’s website, in the past four years, Bravo has led or co-led seven software-related buyouts worth approximately $2 billion, and has closed 17 add-on acquisitions valued at approximately $1 billion.

Bravo has a business degree from the Stanford Graduate School of Business, a law degree from Stanford Law School, and undergraduate degrees in political science and economics from Brown University.

This is not the first time managing partners Carl Thoma and Bryan Cressey have seen their firm transformed, be it in name or composition. Prior to their split with the company in 1998, Thoma and Cressey were part of Chicago-based private equity firm GTCR – which originally launched in 1980 as Golder, Thoma, Cressey, and is now called GTCR Golder Rauner.

Thoma Cressey Bravo has offices in Chicago, Boston, and San Francisco, and specialises in software, healthcare, business services and other consolidating industries. It currently manages nearly $2 billion in equity capital.