Latest news with #OrlandoBravo
Yahoo
10 hours ago
- Business
- Yahoo
Thoma Bravo Completes $34.4 Billion Fundraise
Clear Support for Thoma Bravo's Strategy of Investing in Leading Software Companies and Commitment to Returning Liquidity to Investors Across Market Cycles SAN FRANCISCO, MIAMI, LONDON and CHICAGO, June 3, 2025 /PRNewswire/ -- Thoma Bravo, a leading software investment firm, today announced the completion of fundraising for its buyout funds totaling more than $34.4 billion in fund commitments: Thoma Bravo Fund XVI, a $24.3 billion fund, Thoma Bravo Discover Fund V, an $8.1 billion fund, and as previously announced the firm's first dedicated Europe Fund, with approximately €1.8 billion in capital commitments (individually, a "Fund" and collectively, the "Funds"). The fundraise demonstrates strong support from Thoma Bravo's diverse network of investors for the firm's buyout strategies. Each fund significantly exceeded its target. Thoma Bravo Fund XVI and the Europe Fund were oversubscribed and achieved their hard caps and Thoma Bravo Discover V experienced an over 30% increase in commitments from its prior vintage. "We are deeply grateful to our investors for their continued confidence in Thoma Bravo," said Orlando Bravo, a Founder and Managing Partner at Thoma Bravo. "This fundraise is a testament to the strong relationships we've built with our investors over many years and reflects their belief in our ability to drive meaningful results. Their support will enable us to continue delivering on the strategy we have executed for more than two decades – pursuing leading software companies and deploying our strategic and operational expertise to drive innovation and profitable growth." "The successful completion of our fundraise underscores the enduring trust our investors have in Thoma Bravo's approach and team," said Jennifer James, Managing Director, Chief Operating Officer and Head of Investor Relations & Marketing at Thoma Bravo. "All three funds far exceeded their targets, reflecting not only the strength of our investor relationships but also their conviction in our ability to navigate complex markets. We look forward to continuing to be good stewards of our investors' capital as we seek to deliver strong outcomes." Thoma Bravo has had an active 12 months on both the buy and sell side, with buyout fund investments and realizations representing approximately $35 billion in combined enterprise value. The firm has invested in more than 535 software companies, and today, its software portfolio includes over 75 companies that generate approximately $30 billion of annual revenue and employ over 93,000 staff globally. Commitments to the Funds were secured from Thoma Bravo's broad network of global investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices. Kirkland & Ellis served as legal advisor for the Funds. About Thoma Bravo Thoma Bravo is one of the largest software-focused investors in the world, with approximately $184 billion in assets under management as of March 31, 2025. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo's deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 535 companies representing approximately $275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo's website at Thoma Bravo ContactsMegan Frank +1.212.731.4778 mfrank@ Global Liz Micci / Abigail Farr+1.646.957.2067ThomaBravo-US@ View original content to download multimedia: SOURCE Thoma Bravo Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
London's stock market ‘needs a major shake-up'
The London stock market needs 'major reforms' to compete on the world stage, a US private equity billionaire has said. Orlando Bravo, the managing partner of Thoma Bravo, said reforms were 'long overdue' amid concerns British companies have struggled to attract the same stock market valuations as US rivals. Mr Bravo, whose net worth is estimated at more than $13bn (£9.7bn), said strict rules governing how UK companies can be acquired 'chills the market', making British businesses less attractive to US bidders. He added that stock markets in the UK and the US needed 'major and incredibly overdue' reforms around how information is shared. Thomas Bravo, a US investment business with more than $179bn under management, has taken over several UK-listed companies, fuelling concerns that the London stock market is in crisis. Mr Bravo's comments could be taken as an example of self-interest. However, he argued that making it easier for companies to be taken over would increase stock market valuations in the UK overall, as investors would factor in the possibility of a bid even if deals did not necessarily rise. Mr Bravo said the current takeover rules make it 'very difficult' to do deals. His criticism adds to widespread concerns in the city about an exodus of companies from Britain's stock markets. The UK has seen a flood of companies quit its main market in take-privates or by re-listing in the US. Last year, 88 companies quit the stock market, the highest number in 15 years. One analyst said the UK risked having 'the best regulated graveyard' if it did not shake up its rules. Mr Bravo said the UK had a 'wonderful opportunity' to change its takeover rules to boost the market. There are currently strict rules around how companies disclose and manage approaches by bidders, governed by the Takeover Panel, a city regulator. The private equity baron said rules requiring disclosure of takeover interest meant bidders would consider it simply 'easier to look at some other stock', potentially harming valuations. Rachel Reeves, the Chancellor, has urged Britain's regulators to cut red tape to boost growth. The watchdog has already sought to narrow the scope of deals it oversees. Thoma Bravo bought Darktrace, the British cyber security business launched by entrepreneur Mike Lynch, last year in a $5bn deal. It also owns Sophos, an Oxfordshire cyber security company it took private in a $3.8bn deal in 2019. Mr Bravo said he could consider relisting Darktrace in Britain in the future, despite a lack of public offerings in the UK and fears of an exodus of promising companies to US markets. He said there was a possibility Cambridge-headquartered Darktrace could enjoy a higher valuation in Europe, given a dearth of technology listings in the region. 'Given the lack of assets in that market, Darktrace, if ever we were to list that company again, perhaps we would look at it,' he said. He added it could be 'either' a UK or US public company in future. 'The fact that they are already here [in the UK] that could make sense for it,' he said. Chicago-headquartered Thoma Bravo, which has long focused on cyber security and technology deals, earlier this year closed its first dedicated fund, worth €1.8bn (£1.5bn), aimed at taking over European businesses. The London Stock Exchange declined to comment. The Takeover Panel was contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
22-05-2025
- Business
- Telegraph
London Stock Exchange needs ‘major reforms', warns US investor
The London stock market needs 'major reforms' to compete on the world stage, a US private equity billionaire has said. Orlando Bravo, the managing partner of Thoma Bravo, said reforms were 'long overdue' amid concerns British companies have struggled to attract the same stock market valuations as US rivals. Mr Bravo, whose net worth is estimated at more than $13bn (£9.7bn), said strict rules governing how UK companies can be acquired 'chills the market', making British businesses less attractive to US bidders. He added that stock markets in the UK and the US needed 'major and incredibly overdue' reforms around how information is shared. Thomas Bravo, a US investment business with more than $179bn under management, has taken over several UK-listed companies, fuelling concerns that the London stock market is in crisis. Mr Bravo's comments could be taken as an example of self-interest. However, he argued that making it easier for companies to be taken over would increase stock market valuations in the UK overall, as investors would factor in the possibility of a bid even if deals did not necessarily rise. Mr Bravo said the current takeover rules make it 'very difficult' to do deals. His criticism adds to widespread concerns in the city about an exodus of companies from Britain's stock markets. The UK has seen a flood of companies quit its main market in take-privates or by re-listing in the US. Last year, 88 companies quit the stock market, the highest number in 15 years. One analyst said the UK risked having 'the best regulated graveyard' if it did not shake up its rules. Mr Bravo said the UK had a 'wonderful opportunity' to change its takeover rules to boost the market. There are currently strict rules around how companies disclose and manage approaches by bidders, governed by the Takeover Panel, a city regulator. The private equity baron said rules requiring disclosure of takeover interest meant bidders would consider it simply 'easier to look at some other stock', potentially harming valuations. Rachel Reeves, the Chancellor, has urged Britain's regulators to cut red tape to boost growth. The watchdog has already sought to narrow the scope of deals it oversees. Thoma Bravo bought Darktrace, the British cyber security business launched by entrepreneur Mike Lynch, last year in a $5bn deal. It also owns Sophos, an Oxfordshire cyber security company it took private in a $3.8bn deal in 2019. Mr Bravo said he could consider relisting Darktrace in Britain in the future, despite a lack of public offerings in the UK and fears of an exodus of promising companies to US markets. He said there was a possibility Cambridge-headquartered Darktrace could enjoy a higher valuation in Europe, given a dearth of technology listings in the region. 'Given the lack of assets in that market, Darktrace, if ever we were to list that company again, perhaps we would look at it,' he said. He added it could be 'either' a UK or US public company in future. 'The fact that they are already here [in the UK] that could make sense for it,' he said. Chicago-headquartered Thoma Bravo, which has long focused on cyber security and technology deals, earlier this year closed its first dedicated fund, worth €1.8bn (£1.5bn), aimed at taking over European businesses.
CNBC
16-05-2025
- Business
- CNBC
Orlando Bravo: It's going to be a slow year for M&A
Orlando Bravo, Thoma Bravo founder and managing partner, joins CNBC's 'Money Movers' to discuss why Bravo has sold its Nasdaq stake, outlooks on the deal environment, and more.
CNBC
16-05-2025
- Business
- CNBC
Watch CNBC's full interview with Thoma Bravo founder & managing partner, Orlando Bravo
Orlando Bravo, Thoma Bravo founder and managing partner, joins CNBC's 'Money Movers' to discuss why Bravo has sold its Nasdaq stake, outlooks on the deal environment, and more.
