Thoma Bravo Acquires Instructure for Approximately $2.0 Billion

KKR and Dragoneer Acquire Instructure for $4.8 Billion

November 13, 2024

Education

Investment funds managed by KKR, with participation from Dragoneer Investment Group, acquired Instructure Holdings, Inc. in an all-cash transaction at $23.60 per share, valuing the company at approximately $4.8 billion. Instructure will become privately held and remain headquartered in Salt Lake City as KKR supports product innovation, global expansion and continued investment in the Canvas and Parchment products.

Thoma Bravo Acquires SailPoint for $6.9 Billion

August 16, 2022

Cybersecurity

Thoma Bravo completed an all-cash acquisition of SailPoint Technologies for approximately $6.9 billion, taking the identity-security software company private. The deal, providing SailPoint stockholders $65.25 per share, gives SailPoint access to Thoma Bravo’s operational resources and capital to accelerate product innovation and expand its global customer base.

Thoma Bravo Acquires Anaplan

June 22, 2022

Cloud & SaaS

Thoma Bravo, a leading private equity firm, completed an all-cash acquisition of Anaplan, Inc. for approximately $10.4 billion ($63.75 per share), taking the cloud-native planning software company private. As part of the transaction Anaplan CEO Frank Calderoni stepped down and Charles Goodman was appointed interim CEO; Thoma Bravo said it will invest to accelerate Anaplan's growth and product strategy.

Thoma Bravo Acquires Ellie Mae for $3.7B

February 10, 2019

Cloud & SaaS

Thoma Bravo, a leading private equity firm, acquired Ellie Mae, the Pleasanton-based cloud platform provider for the mortgage finance industry, in an all-cash transaction valued at approximately $3.7 billion. Ellie Mae shareholders received $99.00 per share; the deal, announced Feb. 12, 2019, was approved by stockholders and closed on April 17, 2019, making Ellie Mae a privately held company focused on accelerating innovation in its Encompass digital lending platform.

Thoma Bravo Acquires Bottomline Technologies

May 13, 2022

Payments & Fintech

Thoma Bravo completed an all-cash acquisition of Bottomline Technologies for approximately $2.6 billion, taking the payments software company private. Thoma Bravo said it will leverage its capital and operating expertise to accelerate Bottomline’s product innovation and global growth while Bottomline appointed Craig Saks as CEO.

Thoma Bravo Completes Acquisition of Proofpoint, Inc.

August 31, 2021

Cybersecurity

Thoma Bravo, a leading software-focused private equity firm, completed the acquisition of Proofpoint, Inc. for approximately $12.3 billion in cash. Proofpoint stockholders received $176.00 per share and Proofpoint will operate as a private company under Thoma Bravo to accelerate product innovation and growth in people-centric cybersecurity.