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| {{merge|Thoma Bravo|date=December 2011}} | {{merge into|Thoma Cressey Bravo|date=December 2011}} | ||
| {{Infobox company | {{Infobox company | | ||
| name = Thoma Bravo | | |||
| logo = ] | | |||
| type = ] Ownership, ]| | |||
| founder = Carl Thoma, Orlando Bravo, Scott Crabill, Lee Mitchell <ref> Homepage (Company Website). Retrieved March 23, 2011</ref> | | |||
| |foundation = 1998 | |||
| ⚫ | location = ], ]<br>], ], United States | | ||
| |founder = Carl Thoma, Bryan Cressey | |||
| industry = ] | | |||
| ⚫ | |||
| products = ], ]s | | |||
| ⚫ | assets = $3.6 billion | | ||
| |products = ], ]s | |||
| ⚫ | homepage = | | ||
| ⚫ | |||
| ⚫ | num_employees = 25+ | | ||
| ⚫ | |||
| ⚫ | |||
| }} | }} | ||
| '''Thoma Bravo''' is a ] specializing in investing in ] in fragmented and consolidating industries.<ref> Retrieved March 23, 2011</ref> The firm and its predecessor firms are generally credited with devising the concept of consolidating companies in fragmented industries, according to the ].<ref>. Wall Street Journal, October 6, 1986</ref> | |||
| ] | |||
| Thoma Bravo's investment strategy and process was developed more than 30 years ago and more recently has been refined through a series of ] representing almost $4 billion in committed capital.<ref> Answers.com, Retrieved March 23, 2011</ref> | |||
| '''Thoma Cressey Bravo''', formerly '''Thoma Cressey Equity Partners''', is an American ] and ] firm based in ] and ]. {{As of|2008}}, the firm has raised more than $1.5 billion in investor commitments. | |||
| ⚫ | The firm invests through private ] and its investors include a variety of ], ]s and other ]. | ||
| The firm principally invests in high-growth industries, including ] and ]. | |||
| The firm has more than 25 employees and two offices - ] and ]. | |||
| ⚫ | |||
| * 1998 — Fund VI, ($450 million) | |||
| * 2001 — Fund VII ($555 million) | |||
| * 2006 — Fund VIII ($765 million) | |||
| Thoma Bravo is a member of the ], the ] and the Illinois Venture Capital Association. | |||
| ==History== | |||
| Thoma Cressey Equity Partners, which was renamed Thoma Cressey Bravo to reflect the growing role of partner Orlando Bravo, was founded in 1998 following the separation of ] (GTCR), a large Chicago-based private equity firm. | |||
| == Partners == | |||
| The firm's earliest predecessor Golder Thoma & Co. was founded in 1980 by ] and Carl Thoma. In the 1970s, Golder built the private equity program at ]<ref>Today part of ] through its acquisition of ]</ref> where he is noted primarily for backing ] and for efforts as chairman of the ] and the National Association of ] to change federal laws allowing pensions to invest in private equity.<ref>In 1978, the US Labor Department relaxed certain of the ERISA restrictions, under the "prudent man rule," a fiduciary responsibility of investment managers under ERISA. Under the original application, each investment was expected to adhere to risk standards on its own merits, limiting the ability of investment managers to make any investments deemed potentially risky. Under the revised 1978 interpretation, the concept of portfolio diversification of risk, measuring risk at the aggregate portfolio level rather than the investment level to satisfy fiduciary standards would also be accepted.</ref><ref>. Buyouts, January 24, 2000. A cached version of the article can be found </ref> Golder Thoma received much of its initial funding from ] and upon leaving First Chicago, Golder was replaced by ] who would go on to found rival Chicago private equity firm ]. | |||
| Thoma Bravo has six partners: managing partners Orlando Bravo, Scott Crabill, Lee Mitchell and Carl Thoma, plus partners Seth Boro and Holden Spaht.<ref> (Company Website). Retrieved March 23, 2011</ref> Boro and Spaht were promoted to partner in January 2011.<ref> PEHub.com, January 10, 2011</ref> | |||
| In 1984, after recruiting Bryan Cressey to join the firm from ], the firm's name was changed to Golder Thoma Cressey and with the promotion of ] to partner the firm would come to be known as Golder, Thoma, Cressey, Rauner, Inc. (GTCR), although it would still often be referred to as Golder Thoma.<ref name=donor>, a donor profile at the ] website</ref> | |||
| == Funds == | |||
| In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. Both firms continue to invest primarily through consolidations of specific industries, referred to as ]: | |||
| The firm’s most recent fund, Thoma Bravo Fund X, closed in February 2012 with $1.25 billion of capital and is currently being invested in companies within application and infrastructure software, education and business services sectors.<ref>. The Deal, February 29, 2012</ref> | |||
| * '''Thoma Cressey Equity Partners''', (Carl Thoma and Bryan Cressey) based in ] and ]. Thoma Cressey would be renamed Thoma Chressey Bravo to reflect the growing role of partner Orlando Bravo. | |||
| *''']''', (] and ]), the $8 billion private equity firm, based in ], commonly referred to as GTCR. GTCR founder ] died in 2000 and today the firm is led by Bruce Rauner along with several partners (David Donnini, Ned Jannotta, et al.). | |||
| Thoma Bravo Fund IX, closed in March 2009 with $822.5 million of capital.<ref>. Buyouts, March 30, 2009</ref> | |||
| In 2008, Bryan Cressey left Thoma Cressey Bravo with several investment professionals to form Cressey & Co. a small healthcare focused private equity firm.<ref>, '']'', September, 2004 by Steve Daniels</ref><ref>"." Buyouts, June 23, 2008</ref> | |||
| ⚫ | == External links == | ||
| Thoma Cressey Bravo became Thoma Bravo after Cressey’s departure, led by managing partners Carl Thoma, Orlando Bravo, Lee Mitchell and Scott Crabill. The firm closed its 9th fund in March 2009 with $822.5 million.<ref> Bloomberg, March 16, 2009</ref> | |||
| ⚫ | • (official website) | ||
| ⚫ | ==External links== | ||
| * (official website) | |||
| ⚫ | |||
| ==References== | == References == | ||
| {{reflist}} | {{reflist}} | ||
| {{Private equity |
{{Private equity and venture capital}} | ||
| {{DEFAULTSORT:Private Equity Firm}} | |||
| ] | ] | ||
Revision as of 20:22, 14 February 2015
 | It has been suggested that this article be merged into Thoma Cressey Bravo. (Discuss) Proposed since December 2011. |
 | |
| Company type | Private Ownership, Limited liability company |
|---|---|
| Industry | Private Equity |
| Founder | Carl Thoma, Orlando Bravo, Scott Crabill, Lee Mitchell |
| Headquarters | Chicago, Illinois, United States San Francisco, California, United States |
| Products | Investments, private equity funds |
| Total assets | $3.6 billion |
| Number of employees | 25+ |
| Website | www.thomabravo.com |
Thoma Bravo is a private equity firm specializing in investing in middle-market companies in fragmented and consolidating industries. The firm and its predecessor firms are generally credited with devising the concept of consolidating companies in fragmented industries, according to the Wall Street Journal.
Thoma Bravo's investment strategy and process was developed more than 30 years ago and more recently has been refined through a series of private equity investment funds representing almost $4 billion in committed capital.
The firm invests through private limited partnerships and its investors include a variety of pension funds, endowments and other institutional investors.
The firm has more than 25 employees and two offices - San Francisco and Chicago.
Thoma Bravo is a member of the Private Equity Growth Capital Council, the National Venture Capital Association and the Illinois Venture Capital Association.
Partners
Thoma Bravo has six partners: managing partners Orlando Bravo, Scott Crabill, Lee Mitchell and Carl Thoma, plus partners Seth Boro and Holden Spaht. Boro and Spaht were promoted to partner in January 2011.
Funds
The firm’s most recent fund, Thoma Bravo Fund X, closed in February 2012 with $1.25 billion of capital and is currently being invested in companies within application and infrastructure software, education and business services sectors.
Thoma Bravo Fund IX, closed in March 2009 with $822.5 million of capital.
External links
• Thoma Bravo (official website)
References
- Thoma Bravo Homepage (Company Website). Retrieved March 23, 2011
- Bloomberg BusinessWeek, Thoma Bravo LLC. Retrieved March 23, 2011
- Venture Firms are Foraying Into ‘Fragmented’ Industries. Wall Street Journal, October 6, 1986
- Hoover’s Company Profiles: Thoma Bravo LLC. Answers.com, Retrieved March 23, 2011
- Thoma Bravo Team (Company Website). Retrieved March 23, 2011
- Thoma Bravo Promotes a Pair. PEHub.com, January 10, 2011
- Thoma Bravo Raises $1.25b for Fund X. The Deal, February 29, 2012
- Thoma Bravo Closes Book on Fund IX at $822.5m. Buyouts, March 30, 2009
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