Thoma Bravo acquires Flexera for second time paying $2.85 billion

guest · Dec 3, 2020

Thoma Bravo acquires Flexera for second time paying $2.85B
December 3, 2020
https://techcrunch.com/2020/12/03/thoma-bravo-acquires-flexera-for-second-time-paying-2-85b/

Thoma Bravo must really like Flexera, an IT asset management company out of Chicago. The private equity firm bought the company for the second time today. Sources told TechCrunch the price was $2.85 billion.

Technically, Thoma Bravo is getting a majority stake in the company, buying it from previous owners TA Associates and Ontario Teachers’ Pension Plan Board. The firm originally bought Flexera in 2008 from Macrovision for just $200 million. It turned it around just three years later in 2011 for $1 billion profit, according to reports.
While reports last year had the company’s investors looking for $3 billion, they didn’t quite reach that mark, but it’s still a hefty profit as the company continues to change hands, giving each of its owners a substantial return on investment.
Click to expand...

Flexera was founded in 2008 and has bought 12 companies along the way, including five in the last couple of years, according to Crunchbase data. The deal is expected to close in the first quarter of next subject to regulatory approvals.
Click to expand...

Press Release: Flexera Agrees to Sell a Majority Interest to Thoma Bravo

Log in or Sign up

Thoma Bravo acquires Flexera for second time paying $2.85 billion

guest Guest

Log in or Sign up

Thoma Bravo acquires Flexera for second time paying $2.85 billion

guest Guest

Useful Searches