Deals
Thoma Bravo Returns Billions to Backers in Days, Defying Logjam
- PE firm returns $5.2 billion to investors in course of a week
- Thoma also exits Dynatrace position, investor letter shows
The sale of classroom software maker Instructure was one of two deals that delivered a $5.2 billion return for Thoma Bravo
Photographer: Adam Glanzman/BloombergThis article is for subscribers only.
After a relatively barren few years for deals, backers of the world’s biggest private equity firms have one thing on their minds: returns.
For Thoma Bravo, the Chicago-based buyout group known for its big bets on enterprise software, a couple of transactions announced across a few days in late July is helping the firm to buck the logjam narrative that’s plaguing the buyouts industry.