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  • Matt Ting

Why Thoma Bravo for Private Equity? / Overview of Thoma Bravo


Overview


Thoma Bravo is a technology private equity firm with an AUM of $122B. It focuses its efforts in private equity and credit, with dedicated middle-market and lower-middle-market funds. Thoma Bravo is one of the top software investors in the world, having done over 300 software deals.


In 2019, French business school HEC Paris named Thoma Bravo the best-performing buyout investor after studying 898 funds between 2005 and 2014.


Thoma Bravo was founded by Carl Thoma and Orlando Bravo. Bravo was named the first Puerto Rican-born billionaire.


In 2022, the firm raised $2.2B for its second credit fund.


Thoma Bravo Overview


Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Thoma Bravo, you should make sure you know:


  • 1 deal that the investment team you are recruiting with has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention


We explain how to answer qualitative questions and research private equity firms in our Private Equity Course. We also teach how to build LBO models and prepare for case study interviews.



Big 3 Qualitative Questions




Selected Transaction


Thoma Bravo entered into an agreement to take identity management platform ForgeRock private from other private equity firms.

  • Transaction Description: Thoma Bravo Fund XV, L.P. entered into a definitive agreement to acquire ForgeRock, Inc. (NYSE:FORG) from Accel Partners, KKR & Co. Inc. (NYSE:KKR), and others. Under the terms of the agreement, Thoma Bravo will acquire ForgeRock for $23.25 per share.

  • Transaction Value: $2.3B, all cash

  • Transaction Date: Announced October 2022

  • Press Release


Fact Sheet


Thoma Bravo Logo


  • Company Name: Thoma Bravo

  • Description: Thoma Bravo, LP, is an American private equity and growth capital firm with offices in San Francisco, Chicago and Miami

  • Firm Category: Private Equity / Upper Middle Market

  • Ticker: Thoma Bravo is a privately held company

  • Founded: 2008

  • Assets Under Management: $122B

  • Flagship Fund Size: Thoma Bravo Fund XV ($20B+ raised in 2022)

  • Co-Founders: Carl Thoma, Orlando Bravo

  • Headquarters: Chicago, USA


Resources


Thoma Bravo Glassdoor



Thoma Bravo Salary


Based on the H1B Database, the average base salary for an Associate at Thoma Bravo is $125k. We note that this salary information may be dated and not reflective of their current pay.