Thoma Bravo plans to launch another blank-check vehicle for acquisitions, co-founder Orlando Bravo said Monday, hours after the private equity giant’s first SPAC sealed an $11.1 billion deal. Any future special purpose acquisition company will be at least as large as the first one, Bravo said in a Bloomberg Television interview Monday.
Thoma Bravo Advantage raised $1 billion in a January initial public offering and on Sunday agreed to take app software company IronSource public through a merger.
“Of course we’re going to do another SPAC, because we’ve had a wonderful experience with the first one,” Bravo said. “If we could find anything close to an IronSource, we would be extremely happy,” he added.
Bravo is the chairman of Thoma Bravo Advantage, while Robert “Tre” Sayle is the chief executive officer.
Source: Bloomberg
By Ed Hammond
