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This is an old revision of this page, as edited by JBarTB (talk | contribs) at 14:02, 3 October 2023 (→‎Updates to the article: new section). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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Thoma Bravois officially looking to buy out Sophos, a top tier anti-virus and global infosecurity vendor with strong US establishment ties.

https://www.sophos.com/en-us/press-office/press-releases/2019/10/thoma-bravo-makes-offer-to-acquire-sophos.aspx

Thoma Bravo Makes Offer to Acquire Sophos for approximately 3.9 billion US dollars. — Preceding unsigned comment added by 80.99.111.252 (talk) 12:23, 14 October 2019 (UTC)[reply]

History

It is a good, though brief, overview of the firm's history. However, the name Bravo appears without explanation, and only later says who Bravo is. Every partner, other than Bravo, was introduced when joining the firm. Dkelber (talk) 15:21, 14 October 2020 (UTC)[reply]

Edit request

Hi, I work for Thoma Bravo and would like to suggest several changes to this article, most in the interest of factual accuracy and updating financial information.

  1. Infobox:
    • Title: Change LLC to LP (source)
    • Type: Change "Limited liability company" to "Limited partnership" (same source as above)
    • Founders: Remove Lee Mitchell and Scott Crabill (source)
    • Products: Add "private credit funds" (source)
    • AUM: Update to US$70 billion[1]
    • Number of employees: Update to 110[2]
  2. Remove the historical "Thoma Cressey Equitable Partners" logo, as it's superfluous and confusing, and doesn't add any value to the article for the reader.
 Partly done I decided to leave the historical logo. P,TO 19104 (talk) (contribs) 01:50, 10 February 2021 (UTC)[reply]
  1. Lead section:
    • First paragraph: The company has no headquarters, only an office in San Francisco and an office in Chicago. So please change the lead sentence to "Thoma Bravo, LP, is an American private equity and growth capital firm with offices in San Francisco and Chicago.[3]
    • Second paragraph: Update the first sentence as follows: Thoma Bravo has done 260 software deals worth approximately $78 billion since 2003 and oversees a portfolio of about 40 software companies that generate some $15 billion in annual revenue and employ 45,000 people.[4][5]
    • Second paragraph: Update the third sentence as follows: In October 2020, Thoma Bravo was managing private equity funds representing over $70 billion in equity commitments.[6]
  2. History:
    • Fifth paragraph: Remove the sentence starting with "Led by managing partners..." as this is covered in the Operations section.
    • Fifth paragraph: Remove the sentence about the acquisition of Frontline Education, as there is nothing unique about this particular acquisition among hundreds of similar deals that justifies inclusion in the History section.
    • Add a sixth paragraph: "In October 2020, Thoma Bravo raised $17.8 billion for its 14th fund, setting a fundraising record for a tech-focused buyout fund.[7]"
  3. Operations:
    • First sentence: Add "Seth Boro" to the list of managing partners.[8]
    • Second sentence: Add "cybersecurity" to the first part of the sentence: "Thoma Bravo focuses on application, infrastructure and cybersecurity software..."[9]
  4. Investment funds:
    • Update the second sentence to: Since Thoma Bravo’s establishment in 2008, it has raised 14 flagship private equity funds[10][11], its third Discover midmarket focused fund[12] and its Explore Fund targeting small technology businesses.[13]
    • Add 5 funds to the table that were raised since 2018. The new table should look like this:
Fund Founded Committed Capital ($m)
Fund XIV 2020 $17,800[14]
Discover Fund III 2020 $3,900[15]
Explore Fund 2020 $1,100[16]
Fund XIII 2018 $12,600[17]
Discover Fund II 2018 $2,400[18]
Fund XII 2016 $7,600[10]
Discover Fund 2015 $1,074[19]
Special Opportunities Fund II 2015 $1,065[20]
Fund XI 2014 $3,650[21]
Special Opportunities Fund 2013 $ 418.4[22]
Fund X 2011 $1,250[23]
Fund IX 2008 $ 822.5[24]
Section 4:  Done P,TO 19104 (talk) (contribs) 01:55, 10 February 2021 (UTC)[reply]

References

  1. ^ Singh, Preeti (2020-10-26). "Thoma Bravo Raises $22.8 Billion in Record Tech-Fundraising Haul". The Wall Street Journal.
  2. ^ Marek, Lynne (2020-09-18). "This big-time private-equity player is heading west as it grows". Crain's Chicago Business.
  3. ^ "Thoma Bravo | Contact". www.thomabravo.com.
  4. ^ Marek, Lynne (2020-10-26). "Thoma Bravo raises $22.8 billion". Crain's Chicago Business.
  5. ^ Lynn, Alex (2020-10-13). "Performance watch: Thoma Bravo's PE funds". Private Equity International.
  6. ^ Singh, Preeti (2020-10-26). "Thoma Bravo Raises $22.8 Billion in Record Tech-Fundraising Haul". The Wall Street Journal.
  7. ^ Singh, Preeti (2020-10-26). "Thoma Bravo Raises $22.8 Billion in Record Tech-Fundraising Haul". The Wall Street Journal.
  8. ^ "Thoma Bravo | Team". www.thomabravo.com.
  9. ^ Shabong, Yadarisa (2019-10-14). "Buyout firm Thoma Bravo adds Sophos to its cybersecurity chest with $3.8 billion deal". Reuters.
  10. ^ a b Merced, Michael J. De La (2016-09-12). "Thoma Bravo Raises $7.6 Billion Fund to Pursue More Tech Deals". The New York Times. ISSN 0362-4331. Retrieved 2017-06-29.
  11. ^ "Thoma Bravo raises $12.6B as PE continues tech investing push | PitchBook". pitchbook.com. Retrieved 2019-03-15.
  12. ^ Comtois, James; Comtois, James (2018-04-26). "Thoma Bravo closes second Discover fund at $2.4 billion hard cap". Pensions & Investments. Retrieved 2019-03-15.
  13. ^ Singh, Preeti (2020-10-26). "Thoma Bravo Raises $22.8 Billion in Record Tech-Fundraising Haul". The Wall Street Journal.
  14. ^ Singh, Preeti (2020-10-26). "Thoma Bravo Raises $22.8 Billion in Record Tech-Fundraising Haul". The Wall Street Journal.
  15. ^ Singh, Preeti (2020-10-26). "Thoma Bravo Raises $22.8 Billion in Record Tech-Fundraising Haul". The Wall Street Journal.
  16. ^ Singh, Preeti (2020-10-26). "Thoma Bravo Raises $22.8 Billion in Record Tech-Fundraising Haul". The Wall Street Journal.
  17. ^ Franklin, Joshua (2019-01-29). "Thoma Bravo raises $12.6 billion for latest private equity fund". Reuters.
  18. ^ Comtois, James (2018-04-26). "Thoma Bravo closes second Discover fund at $2.4 billion hard cap". Pensions & Investments.
  19. ^ "Thoma Bravo Hires Smith as Partner on $1B Discover Fund | FINalternatives". www.finalternatives.com. Retrieved 2017-06-29.
  20. ^ "Thoma Bravo raises over $1 bln for second special opportunities fund - PE Hub". PE Hub. 2015-04-16. Retrieved 2017-06-29.
  21. ^ "Thoma Bravo closes $1.065B fund, eyes software companies". RCR Wireless News. 2015-04-17. Retrieved 2017-06-29.
  22. ^ "Exclusive: Thoma Bravo seeks top-up fund amid tech LBO bonanza". Reuters. 20 February 2015. Retrieved 2017-06-29.
  23. ^ Primack, Dan. "Thoma Bravo Co-Founder Talks Debt and That Giant New Fund". Fortune. Retrieved 2017-06-29.
  24. ^ Marek, Lynne (28 February 2012). "Thoma Bravo raises $1.25 billion private equity fund". Pensions & Investments. Retrieved 29 June 2017.

Thank you! MfrankTB (talk) 20:17, 16 November 2020 (UTC)[reply]

Following up on the above edit request 4.5 months later, it looks like P,TO 19104 responded to part of the request (updated the infobox, the first paragraph of the lead section and the "Investment funds" section), but left the rest for other editors to handle. And then HeartatSchool closed the request prematurely, before anyone got a chance to evaluate the remainder of the request. Can someone please assess and implement the rest of the request, which has been sitting mostly unanswered since mid-November?
Since the above two editors appear to be on breaks from editing, I will ping two more editors who have made recent edits to the article: Possibly and Flagrant hysterical curious. Thank you! MfrankTB (talk) 16:20, 7 April 2021 (UTC)[reply]
I'm sure it will get done eventually. Why don't you try contributing some edits to other subjects? --- Possibly (talk) 16:25, 7 April 2021 (UTC)[reply]

Updates to the article

Hi, I work for Thoma Bravo and would like to suggest some updates to the article:

  1. In the lead sentence, add New York City and London to the listed office locations. No need to add a new source, as the existing reference supports this addition. Similarly, change the "Number of locations" field in the infobox from 3 to 5.
  2. In the second sentence of the article, change "acquiring software companies" to the more precise "acquiring enterprise software companies."[1]
  3. In the infobox, update the number of employees from "110 (2020)" to "200 (2023)"[2]
  4. Also in the infobox, update the AUM from "US$120 billion (2022)" to "US$130 billion (2023)"[3]
  5. At the end of the History section, add the following sentence: In December 2022, the company raised $32.4 billion over three funds, including $24.3 billion for Thoma Bravo Fund XV, the most an independent private equity firm has ever raised for a technology-focused buyout fund.[4]

I appreciate any input from the community.

References

  1. ^ Savitz, Eric J. (2023-01-20). "He Might Be Tech's Last Bull. Here's Why the Founder of Thoma Bravo Is Still Buying". Barron's.
  2. ^ Graf, Rachel. "Org Chart: Thoma Bravo". theinformation.com.
  3. ^ Weil, Dan (8 September 2023). "Tennis, Anyone? A Former Star Applies Lessons From the Sport to Private Equity". institutionalinvestor.com.
  4. ^ Armental, Maria (2022-12-07). "Thoma Bravo Bags $32.4 Billion Including Largest Technology Buyout Fund". The Wall Street Journal. The Chicago-based private-equity firm collected $24.3 billion for its flagship buyout vehicle, Thoma Bravo Fund XV, easily topping the $17.8 billion it collected for a predecessor pool. The latest amount sets a record for a tech-focused buyout fund raised by an independent private-equity firm, according to data from Preqin Ltd.

Thank you! JBarTB (talk) 14:02, 3 October 2023 (UTC)[reply]

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