Topics & People
Thoma Bravo's approach to acquisitions, which involves having high conviction and being willing to pay a fair price without extensive haggling ('nickel and dime'). This decisive approach makes them a formidable competitor in deal processes.
A major contemporary challenge in private equity, as artificial intelligence threatens to disrupt many established software verticals. This risk limits the investment space and requires firms to constantly learn and adapt.
A division of Boeing, also known as Jeppesen, that provides essential flight information systems for airplanes. Thoma Bravo acquired this 'gem asset' in a competitive deal for $10.5 billion.
The place of origin for Orlando Bravo, mentioned as a key part of his personal history and background before entering the world of private equity.
Orlando Bravo's key mentor and the person who hired him into the private equity industry after he graduated from Stanford. He encouraged Bravo's initial exploration into tech and software investing.
Thoma Bravo's standardized post-acquisition strategy. It involves working with management to implement immediate and decisive cost cuts (typically 10-20%) at closing, establishing a baseline of profitability, and then focusing on top-line growth through sales and add-on acquisitions.
Thoma Bravo's core investment strategy, focusing on acquiring established software companies, particularly those with recurring revenue. This strategy began in the early 2000s when such companies were considered undervalued.
A titan of private equity that specializes in software buyouts, now facing extreme challenges as AI disrupts SaaS debt underwriting.
The managing partner of Thoma Bravo, renowned for his software investment strategies but currently navigating an industry-wide SaaS restructuring.
A mental health disorder that ketamine and other therapies aim to treat.