Deals
Thoma Bravo to Buy Majority Stake in German IT Firm USU Product
- The USU Software unit will be run by existing team after deal
- The deal is part of Thoma Bravo’s expansion into Germany
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Thoma Bravo agreed to acquire a majority stake in technology services firm USU Product, marking the buyout firm’s second investment in a German-speaking region within a year.
USU Product, which is a subsidiary of USU Software AG, will continue to operate under its existing management team, according to a statement on Tuesday, confirming an earlier Bloomberg News report. USU Software will keep a minority holding of about 25% after the deal, which values the technology services unit at about €200 million ($223 million) to €300 million, people familiar with the matter have said.