$7.6 Billion to Target Software and Technology Sectors
Oversubscribed Fund Closed at the Hard Cap
CHICAGO and SAN FRANCISCO—Thoma Bravo, LLC, a leading private equity investment firm, today announced that it has completed fundraising for Thoma Bravo Fund XII, its most recent flagship fund. The fund closed at $7.6 billion, reaching its hard cap, and was significantly oversubscribed. Fund XII enhances Thoma Bravo’s ability to pursue investments of almost any size in its targeted software and technology sectors. Since 2003, Thoma Bravo has completed more than 140 software and technology-enabled service acquisitions, representing about $30 billion in enterprise value.
“Over the past 15 years we have been able to help software and technology companies realize their growth and profitability objectives while launching them into their next phase of innovation,” said Orlando Bravo, a managing partner at Thoma Bravo. “We thank all of our investors for giving us the opportunity to continue to implement our model while expanding our reach in these dynamic industry sectors.”
Thoma Bravo will continue to invest Fund XII with its “buy and build” strategy, in which the firm works with existing company management to make operational improvements, invest in growth initiatives and seek accretive acquisitions. Some of Thoma Bravo’s recent investments include leading technology companies like Qlik, Riverbed and SolarWinds.
“The software industry is entering a new phase of secular growth as it expands into all segments of the economy. Significant industry trends, including changes in software companies’ business models and the current dissatisfaction with the public equity markets, have created a new opportunity for private equity in the software industry. We are confident that Fund XII will enable Thoma Bravo to continue its leadership in this constantly evolving and exciting space,” said Bravo.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $17 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as Datatel, Digital Insight, Entrust, SonicWall, Network Instruments, Hyland Software, Deltek, Blue Coat Systems, Elemica, Riverbed, Compuware and SolarWinds. The firm has offices in San Francisco and Chicago. For more information, visit www.thomabravo.com.