Buyout group Thoma Bravo set for $4bn windfall

Thoma Bravo-Backed SailPoint’s IPO Raises $1.38 Billion
SailPoint Inc. and a group of shareholders including its main backer, Thoma Bravo, raised $1.38 billion in an enlarged initial public offering for the enterprise security software company, pricing shares at the top of a marketed range.
Thoma Bravo-backed SailPoint valued at $12.8 billion in muted market return
SailPoint was valued at $12.8 billion after its shares debuted in line with their offer price on Thursday, marking a tepid return to the stock market for the Thoma Bravo-backed identity security company.
Buyout group Thoma Bravo set for $4bn windfall after SailPoint IPO
Thoma Bravo used about $6bn of its investors’ cash to buy SailPoint. In December 2024, it invested a further $600mn to pay down SailPoint’s debt in an effort to increase the company’s appeal to shareholders. The deal raised Thoma Bravo’s overall equity investment to $6.6bn.
Thoma Bravo-Backed SailPoint’s Boosted IPO Targets $1.15 Billion
SailPoint Inc. and its shareholders, including main backer Thoma Bravo, lifted their price range for the security software company’s initial public offering, seeking to raise as much as $1.15 billion.
SailPoint targets $1.05B in Nasdaq IPO as Thoma Bravo takes company public again
SailPoint intends to use its net proceeds from this offering to repay a portion of its term loan, settle outstanding equity awards and equity appreciation rights, pay outstanding fees under the advisory services agreement with Thoma Bravo, and for general corporate purposes.
Thoma Bravo-backed SailPoint valued at $12.8 billion in stock market return
Thoma Bravo-backed identity security company SailPoint was valued at $12.8 billion, after its shares opened in line with the offer price in their Nasdaq debut on Thursday. The Austin, Texas-based company's stock opened at $23 per share.
Crain's Chicago Business3d
Private equity veteran Carl Thoma sells Palmolive condo at multimillion-dollar loss
Thoma and his wife bought the condo in 2019 for $6.2 million and sold it today for $2.7 million, the latest downtown condo to ...
Comvest Credit Partners Provides Debt Financing to Support Merger of Opexus and Casepoint and Majority Investment from Thoma Bravo
Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to ...
Reuters10d
Thoma Bravo's SailPoint eyes up to $11.5 billion valuation in US IPO
Austin, Texas-based SailPoint and parent Thoma Bravo are offering 47.5 million and 2.5 million shares, respectively, priced between $19 and $21 each to raise a total of up to $1.05 billion.
Wall Street Journal24d
Thoma Bravo Gathers $3.6 Billion for Private Loans
Thoma Bravo has amassed $3.6 billion in lending capacity for its third fund dedicated to private credit, including anticipated leverage, and plans to announce the fund’s closing Tuesday.
Yahoo Finance15d
Thoma Bravo's Behind the Deal Podcast Launches Season Three
SAN FRANCISCO, Jan. 30, 2025 /PRNewswire/ -- Thoma Bravo, a leading software investment firm, today announced the launch of the highly anticipated third season of its acclaimed business podcast ...
Pirates of the ‘Gulf of America’
Due Diligence is written by Arash Massoudi, Ivan Levingston, Ortenca Aliaj, and Robert Smith in London, James Fontanella-Khan ...
devdiscourse20h
SailPoint's $12.8 Billion Nasdaq Debut: A New Era in Identity Security
SailPoint, an identity security company backed by Thoma Bravo, achieved a valuation of $12.8 billion during its Nasdaq debut, opening at $23 per share. The company raised $1.38 billion in an upsized ...