, Columnists
A Software Shopping List for Thoma Bravo
The private equity firm has a new $7.6 billion fund to fuel its shopping spree.
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Private equity firm Thoma Bravo has been among the most active buyers of software companies in the last couple of years. And now it has even bigger guns to go hunting, with a new $7.6 billion fund.
Last year and so far in 2016, Thoma Bravo and other private equity firms have struck $48 billion worth of software deals -- the biggest buyout splurge in years -- and the industry has become a favorite of PE shops. Many of these deals -- though not all of them, in a recent shift of private equity strategy -- have been for an older generation of companies that still generate steady fountains of cash but whose best days are behind them.