October 01, 2016 4:46 AM ET

Capital Markets

Company Overview of Thoma Bravo, LLC

Company Overview

Thoma Bravo LLC is a private equity firm specializing in recapitalizations, roll-overs of a portion of existing equity, management buy-outs, growth equity, middle-market, industry consolidation, acquisitions, buy and build, and take-private transactions. It does not invest in start-ups and distressed businesses. It seeks to invest in business services, enterprise and infrastructure software, application software, technology enabled services, education, distribution, financial services, and consumer goods and services. In the business services sector, the firm invests in financial services, information services, and transaction processing. In education, it prefers to invest in post secondary ...

300 North LaSalle Street

Suite 4350

Chicago, IL 60654

United States

Founded in 1998





Key Executives for Thoma Bravo, LLC

Co-Founder, Managing Director, and Managing Partner
Age: 67
Chief Financial Officer
Director and Head of Investor Relations and Marketing
Managing Partner
Age: 46
Managing Partner
Compensation as of Fiscal Year 2016.

Thoma Bravo, LLC Key Developments

Thoma Bravo Seeks Acquisitions

Thoma Bravo Fund XII, L.P. was "significantly oversubscribed," according to the firm. The Fund XII will be invested with Thoma Bravo, LLC'S "buy and build" strategy , which involves working with the existing company's leadership to make operational improvements, invest in growth opportunities, and make additive acquisitions.

HP Enterprise In Talks To Sell Software Unit To Thoma Bravo

Hewlett Packard Enterprise Company (NYSE:HPE) is in talks with Thoma Bravo LLC to sell its software division, hoping it can fetch between $8 billion and $10 billion, according to people familiar with the matter. HPE has received offers for the software unit of as much as $7.5 billion in a sale process managed by investment bank Goldman Sachs Group Inc, the sources said this week. Thoma Bravo has made the highest offer for the assets among the private equity firms that held discussions with HPE, though significant discrepancies in valuation expectations persist and no deal is certain, the people said. Other private equity firms that made offers for the software assets include Vista Equity Partners Management LLC, The Carlyle Group LP (NasdaqGS:CG) and TPG Capital LP, the people said. It was still possible that HPE would turn to a buyout firm other than Thoma Bravo to pursue a deal, or that Thoma Bravo would buy only some of the assets, the people said. The sources asked not to be identified because the negotiations are confidential. HPE, Goldman Sachs, Thoma Bravo, Vista Equity, Carlyle and TPG declined to comment.

Thoma Bravo, LLC Announces Executive Changes

Thoma Bravo, LLC announced Hudson Smith has joined the firm as a partner. Thoma Bravo is currently completing the investment of its vehicle, Thoma Bravo Fund XI, which focuses on middle market and large software opportunities. Recent transactions include the acquisitions of innovative technology companies such as SailPoint, Riverbed and SolarWinds. Smith joins Thoma Bravo during a time of rapid growth for the firm: since the beginning of last year, Thoma Bravo has added nearly two dozen employees and has now expanded its partnership with the addition of Smith. Smith will initially work on the Thoma Bravo Discover Fund, where he will focus on sourcing and managing lower middle market software investments. Established in 2015, the Discover Fund enables Thoma Bravo to partner with management teams at smaller, growing companies that benefit from the firm's experience and expertise in software. Smith joins Thoma Bravo from HGGC, where he directed the firm's investment efforts in technology. His successful technology investment track record includes Serena, Hybris, Sunquest, FPX, Selligent, SSI and MyWebGrocer. Smith has also held positions at Bain & Co and Lincoln International LLC, as a consultant and investment banker, respectively. The firm has also welcomed two new vice presidents, Matt Gilbert and AJ Jangalapalli. Gilbert joins from Summit Partners and will work in Thoma Bravo'sCapital Market Group, and Jangalapalli comes as a recent MBA graduate from the Wharton School and will be a part of the firm's investment staff.

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