Thoma Bravo acquires Deltek! News went out this morning that Thoma Bravo has acquired Deltek for $1.1 Billion or $13 per share in an all cash deal. For those that don’t know who Thoma Bravo are, they are a private equity investment firm. They have a history of industry consolidation investing. This aproach seeks to create value through the strategic use of acquisitions to accelerate business growth.
This acquisition takes Deltek back to being a private company. This is after trading as a public company for the last 4-5 years.
We’re not sure what this all means. But typically these types of investments look to increase the value of the company setting it up for sale down the road. Thoma Bravo partner, Holden Spaht said “Thoma Bravo is excited to work with Deltek’s leadership team to accelerate growth of the company through the firm’s proven buy and build strategy.”
We’ll keep you posted as more news develops.
To read more Deltek articles click here