Thoma Bravo completes $8 billion buyout of Coupa Software program
The California-based non-public fairness agency Thoma Bravo continues to make waves within the logistics sector, asserting at this time that it has accomplished its beforehand introduced, $8 billion acquisition of Coupa Software program, a supplier of cloud-based, enterprise spend administration (BSM) expertise for provide chain, procurement, and finance.
Coupa had beforehand been a publicly traded agency on the NASDAQ change, however now turns into a privately held firm. Thoma Bravo made the deal by combining its personal funds with “a major minority funding” from a completely owned subsidiary of the Abu Dhabi Funding Authority (ADIA).
The transfer marks the newest takeover for Thoma Bravo, which is likely one of the busiest corporations within the funding sector, having acquired or invested in additional than 420 corporations over the previous 20 years. Different logistics corporations within the agency’s steady embrace Auctane, which Thomas Bravo has expanded rapidly by combining it with different corporations equivalent to ShipStation, Stamps.com, ShipEngine, MetaPack, and Endicia. Thoma Bravo additionally owns the provide chain software program agency Elemica and holds partial possession of the logistics visibility platform vendor project44.
Coupa has additionally grown quick by itself accord, launching a $50 million enterprise capital fund in 2021 after it had paid $1.5 billion in 2020 to purchase the provision chain software program agency LlamaSoft.
“Coupa created the Enterprise Spend Administration class and is well-positioned to capitalize on this huge and increasing world market,” Holden Spaht, a Managing Associate at Thoma Bravo, stated in a launch. “Our partnership with Coupa will leverage Thoma Bravo’s deep software program experience to assist speed up development, drive continued funding in product innovation, and higher serve the corporate’s world-class buyer neighborhood. We look ahead to constructing on Coupa’s robust observe document of success.”
