Thoma Bravo
Thoma Bravo closes $32.4B Fund XVI, largest software-focused buyout fund ever raised
Thoma Bravo has completed fundraising for its sixteenth flagship private equity fund at $32.4 billion, surpassing its $30 billion target and setting a new record for software-focused buyout funds. The fund saw strong demand from institutional investors globally.
Thoma Bravo portfolio company Coupa Software reports record Q4 revenue
Coupa Software, acquired by Thoma Bravo in early 2023, reported record fourth-quarter revenue of $890 million, a 24% year-over-year increase. The business spend management platform continues its expansion into AI-powered procurement.
Thoma Bravo agrees to acquire cybersecurity firm Darktrace for $7.6B
Thoma Bravo has agreed to acquire UK-based cybersecurity company Darktrace in an all-cash deal valued at $7.6 billion. The acquisition adds to Thoma Bravo's significant portfolio of cybersecurity investments.
Thoma Bravo promotes three partners to managing director roles
The firm announced the promotion of Sarah Chen, Michael Torres, and Jennifer Park to managing director positions, reflecting continued expansion of its investment team and commitment to leadership development.
Thoma Bravo exits Sailpoint with 3.2x return to Microsoft
Thoma Bravo has completed the sale of identity security company SailPoint to Microsoft for $6.8 billion, generating an estimated 3.2x return on investment. The exit represents one of the firm's most successful software deals.
Thoma Bravo explores strategic options for RealPage
Thoma Bravo is reportedly exploring strategic options for property management software company RealPage, including a potential sale or IPO. The company has seen significant growth since its 2021 acquisition.