Private equity bet big on software companies in 2021, but Thoma Bravo has outshone all other firms by landing five of the top 10 largest global buyouts in the sector, worth a combined $30.65 billion, according to PitchBook data.
The tech-focused firm, which is reportedly targeting $22 billion for its next flagship fund, also led the way in take-private software deals during 2021, closing four such transactions valued at a combined $26.9 billion. It was an overall banner year for private equity software buyouts, setting records in both deal size and count.
“Thoma Bravo had another tremendous year by being all-in on software’s continued red-hot run post-pandemic,” said Jinny Choi, a private equity analyst at PitchBook. “The fact that the firm is already planning on coming back to market after its hugely successful fundraise [in 2020] shows how aggressive Thoma Bravo was in deploying capital.”
Read more/Source: PitchBook
