Orlando Bravo Says Thoma Bravo Plans to Launch Another SPAC

Thoma Bravo plans to launch another blank-check vehicle for acquisitions, co-founder Orlando Bravo said Monday, hours after the private equity giant’s first SPAC sealed an $11.1 billion deal.

Any future special purpose acquisition company will be at least as large as the first one, Bravo said in a Bloomberg Television interview Monday. Thoma Bravo Advantage raised $1 billion in a January initial public offering and on Sunday agreed to take app software company IronSource public through a merger.