Thoma Bravo, a leading private equity firm, has made significant strides in expanding its global presence by establishing its first office outside the United States in London, 2023. This strategic move accompanies the closing of its inaugural European fund at €1.8 billion ($1.9 billion), aimed at fostering growth in the region’s dynamic software sector. With a history of investing approximately €14 billion across 16 deals in Europe, Thoma Bravo continues to cement its influence in the continent.
The newly launched London office marks a pivotal moment for Thoma Bravo as it seeks to broaden its investment horizons. Under the leadership of European lead and partner, Irina Hemmers, the firm plans to utilize its latest fund to acquire equity stakes in mid-sized software companies throughout Europe. This strategic approach aligns with Thoma Bravo’s commitment to accelerating growth strategies for leading software firms amid the rapid digitization occurring across the region.
Thoma Bravo's engagement with Europe dates back to 2011, when it acquired French software company InfoVista. This acquisition laid the groundwork for its ongoing expansion strategy beyond U.S. borders. Continuing this trajectory, Thoma Bravo recently acquired U.K. cybersecurity firm Darktrace for $5.3 billion, marking one of 2024’s largest take-private deals. These acquisitions underscore the firm's significant presence and its dedication to nurturing technological advancements within the U.K. and across Europe.
In her remarks, Irina Hemmers highlighted the vibrant digital transformation underway in Europe, emphasizing the increasing demand for investment and support among software companies eager to enhance their growth prospects.
“Europe is digitizing rapidly, and leading software companies are increasingly looking for dedicated support and investment to accelerate their growth strategies.” – Irina Hemmers
Thoma Bravo’s regional strategy has seen it invest in various countries across Europe, reinforcing its commitment to expanding its footprint beyond the U.S. The firm’s calculated investments not only support local businesses but also contribute to broader economic growth by fostering innovative solutions within the software sector.
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