Thoma Bravo Acquires QAD for Approximately $2 Billion
November 5, 2021
Thoma Bravo entered into a definitive, all-cash agreement to acquire QAD, a cloud-based provider of manufacturing and supply chain solutions, for an equity value of approximately $2 billion (about $87.50 per share). The transaction was subsequently completed, with QAD becoming a private company and its Nasdaq stock delisted.
- Targets
- QAD Inc.
- Sellers
- QAD stockholders (including founder and president Pamela Lopker, per transaction mechanics)
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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