Thoma Bravo Acquires QAD for Approximately $2 Billion

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 Coupa Software

February 28, 2023

Cloud & SaaS

Thoma Bravo agreed to acquire Coupa Software in an all-cash transaction valued at approximately $8.0 billion. The deal also includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The acquisition was later completed, with Coupa stockholders receiving $81.00 per share in cash.

Thoma Bravo Acquires Talend

September 2, 2021

Data & Analytics

Thoma Bravo completed its all-cash acquisition of Talend, a leader in data integration and data integrity, in a transaction valuing Talend at approximately $2.4 billion. With Talend becoming private, Thoma Bravo plans to support the company’s cloud transition and invest in product and go-to-market initiatives to accelerate growth.

Thoma Bravo Acquires Proofpoint for Approximately $12.3 Billion

August 31, 2021

Cybersecurity

Thoma Bravo entered into a definitive agreement to acquire Proofpoint, a cybersecurity and compliance software company, in an all-cash transaction valued at approximately $12.3 billion. The acquisition was completed in 2021, with Proofpoint stockholders receiving $176.00 per share.

Nasdaq Acquires Adenza From Thoma Bravo for $10.5 Billion

June 12, 2023

Cloud & SaaS

Nasdaq entered into a definitive agreement to acquire Adenza, a provider of mission-critical risk management and regulatory software for financial services, from Thoma Bravo for $10.5 billion (cash and shares). The acquisition was completed on November 1, 2023, and included the appointment of Thoma Bravo managing partner Holden Spaht to Nasdaq’s board.

Thoma Bravo Acquires EQS Group AG

November 16, 2023

Cloud & SaaS

Thoma Bravo, via Pineapple German Bidco GmbH, completed a public takeover offer to acquire EQS Group AG for EUR 40.00 per share, valuing the company at approximately EUR 400 million and leading to an expected delisting. The investment will provide EQS with funding for product innovation, capability expansion in compliance/ESG software and capital for potential add-on M&A as Thoma Bravo builds the business as a pan‑European compliance and ESG software platform.