Buyout PE
Thoma Bravo (PE with software roll-up focus)
Thoma Bravo (PE with software roll-up focus) acquires controlling stakes in established, profitable businesses, from Chicago, IL, USA. It states a focus on software & internet, financial services and environmental & safety.
Stated investment criteria
What Thoma Bravo (PE with software roll-up focus) says it buys
Read from Thoma Bravo (PE with software roll-up focus)’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
Source
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Thoma Bravo (PE with software roll-up focus) states that it will take either a controlling or a minority stake. Nothing here is a commitment by Thoma Bravo (PE with software roll-up focus) to consider any particular business, and nothing on this page is represented as being for sale.
Regulatory record
How Thoma Bravo (PE with software roll-up focus) is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | SEC registered |
| Regulatory assets under management | $183bn |
| Employees | 246 |
| Private funds advised | 151 · $183bn gross |
| SEC adviser number | CRD 157041 |
Recorded transactions
Buying and selling
Deals in which Thoma Bravo (PE with software roll-up focus) is named as buyer or seller in the transaction archive. 3 recorded exits, most recently in 2021. 7 recorded acquisitions.
| Company | Side | Counterparty | Year | Consideration |
|---|---|---|---|---|
| EQS Group | Bought | — | 2023 | $451m |
| Nearmap | Bought | — | 2022 | $751m |
| Mercell | Bought | — | 2022 | $383m |
| Vivian Health | Bought | IAC | 2022 | $60m |
| T2 Systems | Sold | Verra Mobility | 2021 | $356m |
| Majesco | Bought | — | 2020 | $594m |
| IDaptive LLC | Sold | CyberArk | 2020 | $70m |
| Veracode | Bought | Broadcom | 2018 | $950m |
| Imprivata | Bought | — | 2016 | $544m |
| Tripwire | Sold | Belden | 2015 | $710m |
Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.
Valuation context
Transaction values in Software & Internet
What companies have actually sold for in software & internet, across 2,672 recorded transactions.
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