Posts tagged: Thoma Bravo
Tuesday, 13 June 2023, 4:41 pm
There has been plenty of whining in the British press about the lack of takeover deals since the beginning of the year.
But over on the other side of Atlantic the multi-billion dollar deals keep on getting announced.
US-listed Bunge, for example, just announced the takeover of rival grain trader Viterra, in which FTSE 100-listed Glencore has a large stake, as part of $8.2 billion cash and stock deal. Below is the link:..
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Betaville IntelligenceThursday, 6 April 2023, 11:25 am
Hacks at Bloomberg have dug out a tale about how Temenos is attempting to rekindle talks with private equity firms about a leveraged buy-out. Below is a link to the piece:
https://www.bloomberg.com/news/articles/2023-04-05/temenos-is-seeking-fresh-interest-from-private-equity-firms?leadSource=uverify%20wall..
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Thursday, 27 October 2022, 12:41 pm
Thoma Bravo just can't stop doing deals - even in a bear market.
According to arch rivals at Bloomberg, the firm has teamed up with Sunstone Partners to buy Usertesting, a US-listed software company, for $7.50 a share or £1.3 billion.
That's some premium from where the shares closed ($3.86) last night!
UPDATE: Below is the link to the deal confirmation:..
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Thursday, 20 October 2022, 11:27 am
Another interesting tweet from Orlando Bravo, the American private equity tycoon behind the firm Thoma Bravo.
"Bankers who only know how to sell companies through auctions and “competitive tension” will get nowhere in this market. While bankers who know how to work with the right buyer to get to the right price will end up delivering a lot of value to their clients." ..
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Wednesday, 12 October 2022, 6:55 pm
Another day, another US technology company take private.
This time it's Thoma Bravo's arch rival - Vista Equity Partners, led by the controversial billionaire financier Robert Smith - that is buying one of America's listed technology groups.
Vista is buying KnowBe4, Inc, the provider of the world’s largest security awareness training and simulated phishing platform for $24.90 in cash or $4.6 billion. Below is the link the to the press release:..
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Tuesday, 11 October 2022, 7:58 pm
Betaville realises it's pretty gloomy and uncertain out there in the markets, which typically doesn't provide a great environment for dealmaking.
Still, there are deals happening. Take, for example, ForgeRock, Inc - the US-listed software and digital identity company...
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Betaville IntelligenceWednesday, 7 September 2022, 9:22 am
Chums on the Daily Mail picked an intriguing tale about American private equity firm Thoma Bravo, which is currently in the process of talks to buy Darktrace, the FTSE 250-listed cybersecurity company.
According to Mark "Shappers" Shapland, Thoma Bravo is opening up an office for Europe in London. Below is a link to Shappers's piece:..
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Betaville IntelligenceTuesday, 30 August 2022, 10:31 pm
There was a question (and answer) missing from this weekend's recent coverage of Open Text's aquisition of Micro Focus, the London-listed IT company.
If Open Text, the Canadian software company, is willing to pay a 100pc premium for Micro Focus International surely US private equity firm Thoma Bravo should be willing to pay the same for cybersecurity outfit Darktrace?..
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Betaville IntelligenceSunday, 21 August 2022, 5:21 pm
The Sunday Telegraph had an interesting line on the Darktrace takeover tale (first revealed by little old Betaville).
Hacks at Betaville's former employers managed to get some quotes from Mike Lynch's spokperson, who appears to be linking the US's move to prosecute the technology entrepreneur for fraud to an American private equity bid for Darktrace. Below is a link to the piece that has the full quotes:..
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Betaville IntelligenceWednesday, 17 August 2022, 7:19 am
There was plenty of follow up coverage in today's papers of little old Betaville's Darktrace scoop but the piece that really stood out is the one written by Russell Hotten, a former colleague from time on The Daily Telegraph's city desk...
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