Deals
Thoma Bravo SPAC Is Said in Talks to Take IronSource Public
- Combined entity valued at more than $10 billion in transaction
- Thoma Bravo Advantage raised $1 billion in January IPO
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Thoma Bravo’s blank-check firm is in talks to take mobile marketing company IronSource public through a merger, according to people with knowledge of the matter.
Thoma Bravo Advantage, a special purpose acquisition company, or SPAC, is seeking to raise about $1 billion in new equity to support a transaction that values the combined entity at more than $10 billion, said the people, who asked not to be identified because the matter was private.