Thoma Bravo, a private equity firm with offices in Chicago and San Francisco, announced Monday that it has closed its 12th fund at $7.6B, its largest-ever. The firm, which specializes in acquiring struggling software companies and then "turning them around," will be reportedly pursuing even more tech deals with its latest fund.
"Over the past 15 years we have been able to help software and technology companies realize their growth and profitability objectives while launching them into their next phase of innovation," said Orlando Bravo, a managing partner at Thoma Bravo, in a release.
Since 2003, Thoma Bravo has acquired over 140 software and tech-enabled business, including Riverbed Technology, SolarWinds, and Qlik, totaling nearly $30B in enterprise value. Today, the firm claims to represent over $17B in capital commitments across all of its funds.
With its latest fund, Thoma Bravo will continue to execute its "buy-and-build" strategy within the tech sector, buying software and tech companies and "working with existing company management to make operational improvements, invest in growth initiatives and seek accretive acquisitions."
In early January, Thoma Bravo acquired Naperville-based Infogix, a data monitoring software company, from private equity firm H.I.G Capital. Infogix works with Fortune 1,000 corporations to analyze data to improve customer experience and corporate profitability. At the time of the acquisition, Infogix CEO Sumit Nijhawan said its "relationship with Thoma Bravo will provide Infogix with the resources and support to both fuel organic growth and pursue complementary acquisitions."
The firm's history traces back to Chicago, where it began as Golder Thoma & Co in 1980, then became Golder Thoma Cressey, then Thoma Cressey Equity Partners, and then, most recently, Thoma Cressey Bravo.
(Image via Thoma Bravo)
