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Thndr Claps » U.S. Claps » Mergers & Acquisitions 🤝 » Thoma Bravo 🤝 major acquisitions

Thoma Bravo 🤝 major acquisitions

by Shams Abbas
April 11, 2022

The Clap
Private equity (PE) firm Thoma Bravo will acquire SailPoint (NYSE: SAIL), an identity management solution that helps organizations mitigate security risks, for $6.9 billion.

The deets
Thoma Bravo’s offer came in at a ~31% premium to SailPoint’s Friday closing price, sending its shares soaring 28%. The bid was approved by SailPoint’s board of directors but is pending shareholder approval. The deal is expected to close in H2-2022.

Why this matters
Thoma Bravo has been on a shopping spree. It recently took software company Anaplan private, after the PE giant acquired it for $10.7 billion, with the offer also coming in at a ~30% premium. SailPoint will also go private if the deal goes through.

The PE firm now has over 20 security-focused firms in its portfolio.

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