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Flagship is Thoma Bravo's large-cap buyout platform. Flagship has invested in large, market-leading software and technology companies with strong recurring revenue, mission-critical systems and high renewal rates. Thoma Bravo's operating partners have worked closely with management teams to improve operations and pursue add-on acquisitions to accelerate growth. Flagship portfolio companies have typically been strong cash generators, which has often enabled them to reduce debt relatively quickly and reinvest in expansion.
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