Nasdaq Acquires Adenza from Thoma Bravo for $10.5B

Thoma Bravo Completes Acquisition of QAD

November 5, 2021

Cloud & SaaS

Thoma Bravo has completed its previously announced acquisition of QAD Inc. for approximately $2.0 billion in cash, taking QAD private and delisting its common stock from Nasdaq. Thoma Bravo said it will invest in QAD's continued growth to expand the company's cloud-based manufacturing and supply chain software offerings.

Thoma Bravo Acquires AxiomSL

October 19, 2020

Software

Thoma Bravo has agreed to acquire a controlling interest in AxiomSL, a provider of cloud-enabled risk management and regulatory reporting software for banks, investment managers, broker-dealers and trading firms. Thoma Bravo said it will partner with AxiomSL's management to accelerate product innovation, expand cloud capabilities and grow the company's customer base; the deal closed with financing from several lenders and advisors were Evercore and Weil, Gotshal & Manges for AxiomSL and Kirkland & Ellis for Thoma Bravo.

Thoma Bravo Acquires Coupa Software

February 28, 2023

Cloud & SaaS

Thoma Bravo completed an all-cash acquisition of Coupa Software valued at approximately $8.0 billion, with a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Coupa stockholders received $81.00 per share, Coupa will be delisted from Nasdaq, and Thoma Bravo said it will invest to accelerate product innovation and growth, including potential M&A.

Thoma Bravo Sells Significant Minority Stake in Qlik to ADIA

November 11, 2024

Data & Analytics

Thoma Bravo has signed an agreement to sell a significant minority stake in Qlik to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), with Thoma Bravo remaining the majority shareholder and making a new equity investment. A consortium of other investors is expected to participate alongside ADIA and Thoma Bravo; the deal is subject to regulatory approvals and is expected to close in Q1 2025.

Deutsche Börse Acquires Axioma and Partners with General Atlantic to Create Analytics and Index Business

April 9, 2019

Software

Deutsche Börse agreed to acquire Axioma for US$850 million and will combine Axioma with its STOXX and DAX index businesses into a new company valued alongside the index business at about €2.6 billion. General Atlantic will be a minority investor (investing ~US$715 million) in the new company; the combined business will be led by Axioma CEO Sebastian Ceria and is expected to capture synergies of ~€30 million.

Thoma Bravo Acquires NextGen Healthcare

November 10, 2023

Cloud & SaaS

Thoma Bravo, a leading software-focused private equity firm, has completed the acquisition of NextGen Healthcare, Inc. for $1.8 billion, taking the company private at $23.95 per share. The transaction (previously announced Sept. 6, 2023) will delist NextGen from Nasdaq and aims to accelerate product innovation and growth across NextGen's cloud-based ambulatory healthcare technology offerings.