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Thoma Cressey Equity Partners logo in use before 2007 when the firm changed its name. Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago. [ 6 ] It is known for being particularly active in acquiring enterprise software companies [ 7 ] and has over $130 billion in assets under management as of 2023 [update].
- Firm History
- Investment Strategy
- Industry/Geography
- Fund Performance
- Key Buyouts
- Key Exits
After making his name at First Chicago, Stanley Golder departed in 1980 to form his own buyout firm with Carl Thoma. In 1984, they added as partners Bryan Cressey, another veteran of First Chicago, and Bruce Rauner, who’s today the governor of Illinois. A new name was bestowed: Golder, Thoma, Cressey, Rauner, or GTCR for short. For the next 14 year...
Thoma Bravo still applies the sorts of buy-and-build tactics that helped the firm’s founders make their names. But the group has also begun to pursue larger deals more often. Of the five buyouts in Thoma Bravo’s history that were larger than $2 billion, four occurred since December 2014, according to the PitchBook Platform—and all four were in the ...
Dating back to 1998, nearly 60% of Thoma Bravo’s deals have been in the software sector, while the IT space as a whole accounts for more than 74% of activity. And those figures seem to be growing more pronounced. A hefty 95% of the firm’s completed deals in 2016 were with IT companies, and that figure is sitting above 83% so far during 2017. Over t...
Upon thorough examination, two things stand out about Thoma Bravo’s recent fundraising history: The increasing size of the firm’s buyout vehicles, and the stellar returns those funds continue to post. Here’s guessing those are related. The firm closed its 12th flagship fund on $7.6 billion last year, but that vehicle is still too immature to judge ...
Thoma Bravo completed a major software acquisition last September, sealing a takeover of TRADER, which had previously been backed by Apax Partners, for about C$1.575 billion (around $1.2 billion). TRADER is the operator of a digital automotive marketplace in Canada that boasts listings for more than 450,000 vehicles. Not long before that deal, in A...
Just like its buyouts, the majority of Thoma Bravo’s billion-dollar exits have occurred in the very recent past. The biggest such deal was the sale of Deltek, a provider of enterprise software for project-based businesses, to Roper Technologies for $2.8 billion last December. Thoma Bravo had backed the business since buying it for $1.1 billion in 2...
Nov 11, 2022 · At the time, in mid-2021, Bravo’s $122bn private equity firm Thoma Bravo was opening an office in Miami, the city where Bankman’s son Sam had just paid $135mn for a 19-year naming rights ...
- Harriet Agnew
Jan 21, 2024 · Introduction. This two-post series delves into the intricacies of the Thoma Bravo “playbook” by examining the transformative financial and operational changes orchestrated by Thoma Bravo across three publicly traded companies– Instructure, SolarWinds, and Informatica. In each instance, Thoma Bravo acquired a publicly traded company and ...
Jan 12, 2022 · Orlando Bravo, the billionaire chief of private equity firm Thoma Bravo, had left San Francisco to spend the first months of the pandemic on the island where he grew up.
Company Description. Founded in 1980, Thoma Bravo is a private equity firm based in Chicago, Illinois. The firm seeks to invest in B2B, financial services, healthcare, information technology, infrastructure & cybersecurity sectors based in the United States region. This firm is a Registered Investment Adviser (RIA).
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Apr 11, 2024 · On the season finale of Behind the Deal, Co-Founders and Managing Partners Orlando Bravo and Carl Thoma sit down to discuss how they built Thoma Bravo into the world’s largest tech-focused buyout firm. Orlando interviews his mentor, Carl, to get his perspective on the evolution of private equity over his nearly 50-year career in the industry.
