Thoma Bravo Acquires Majority Ownership of IDS

Thoma Bravo Acquires Majority Stake in Flexera

December 3, 2020

Software

Thoma Bravo has agreed to acquire a majority interest in Flexera, a Chicago-area software company that provides IT asset management and software monetization solutions. Existing investors TA Associates and the Ontario Teachers' Pension Plan will remain meaningful shareholders as Thoma Bravo partners with management to accelerate growth and expand Flexera's SaaS offerings such as Flexera One.

International Decision Systems Combines with White Clarke Group

April 1, 2021

Software

International Decision Systems (IDS), a Thoma Bravo portfolio company, has agreed to combine with White Clarke Group, a portfolio company of Five Arrows Principal Investments. FAPI will remain a shareholder in the combined company; the deal is expected to close by end of Q2 2021 subject to regulatory approvals and customary conditions.

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.

Thoma Bravo Acquires Majority Stake in USU Product Business

October 1, 2024

Software

Thoma Bravo has acquired a majority stake in USU Product Business, investing alongside USU Software AG to accelerate product innovation and growth. USU Product — led by CEO Benjamin Strehl and employing over 600 people — will operate as an independent entity focused on IT Service Management, IT Asset Management, IT Operations Management and Knowledge Management; debt financing was provided by funds advised by Morgan Stanley Private Credit, clients of Guggenheim Investments, and HSBC Innovation Banking UK.

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 Makes Strategic Minority Investment in SDC Capital Partners

October 2, 2025

Infrastructure

Thoma Bravo has made a strategic minority investment in SDC Capital Partners, a global digital infrastructure investment firm focused on data centers, fiber, wireless and cloud-services infrastructure. The investment, funded from Thoma Bravo's balance sheet, is intended to support SDC's platform expansion as demand for AI, cloud computing and advanced technologies drives increased need for digital infrastructure.