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| Thoma Bravo eyes $21B addition to arsenal |
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| From its headquarters in Chicago, Thoma Bravo is preparing to close a trio of notable new tech funds. (marchello74/Getty Images) |
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The tech fundraising boom isn't finished yet.
Thoma Bravo, a Chicago-based firm that buys software companies and other tech-focused businesses, plans to wrap up fundraising this fall for three vehicles that could combine to bring in over $21 billion, according to The Wall Street Journal.
The bulk of that total will go toward the firm's 14th flagship fund, which has a $16.5 billion target. Another $3.5 billion will reportedly be for a middle-market vehicle focusing on enterprise software and tech deals, and another $1.3 billion will go toward a small-cap tech fund.
Fundraising for tech-focused private equity vehicles has surged over the past decade: After sitting at $25.2 billion in 2010, industrywide dry powder for tech funds topped $100 billion in 2019, according to PitchBook data. And the past 12 months have brought even more mega-funds.
Last September, Vista Equity Partners closed its latest flagship effort on some $16 billion, blowing past a predecessor that raised $11 billion in 2017. In June, meanwhile, Francisco Partners closed three new tech funds with a total of $10 billion in LP commitments.
Related read: An overview of tech-focused PE funds |
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| How angels lay the groundwork for the rest of VC |
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| (David Rosskamp/Getty Images) |
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The amount of capital investors commit to angel deals pales in comparison to later stages of the venture ecosystem. But that fact belies the impact angel investors can have on a young company. Between 2006 and 2014, roughly 74% of startups that raised their first capital from angel investors went on to close follow-on fundings, compared with 59% of startups without angel backing.
Who are these angel investors helping the next generation of companies get off the ground? How do angel groups compare to individual angels? And how have they fared in 2020? PitchBook's latest analyst note offers a full examination of the foundational role angel investors play for the whole of the VC industry: |
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| A message from SS&C Intralinks | |
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| Can M&A rebound from the pandemic's pummeling? |
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COVID-19 has been knocking the wind out of deals across every sector in every region. Can the M&A market stay on its feet given the numerous obstacles in the current dealmaking environment?
Read our new industry brief—Global M&A Catches Its Breath in an Uncertain Market—produced in association with PitchBook, for a ringside view of current M&A activity amid market challenges worldwide—with breakouts of trends and conditions in North America, South America, Europe and Asia.
The report also anticipates impacts on M&A from the upcoming US elections and the potential onslaught of new regulations globally, and explores whether a coronavirus vaccine will come too late to keep thousands of businesses from throwing in the towel.
Download this timely and time-sensitive report now. |
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With a string of increasingly audacious burglaries and outlandish deceptions, a globe-trotting forger and master thief offered detectives around the world one simple challenge: Catch me if you can. [Truly Adventurous]
In the age of YouTube and Twitch, anyone can become famous by streaming themselves playing video games—including a beloved 84-year-old "Skyrim" fanatic by the name of Shirley Curry. [The New York Times]
The only-in-Brooklyn story of how the pandemic helped turn one now-estranged couple from media darlings into eco-yogi slumlords. [The Cut] |
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| Since yesterday, the PitchBook Platform added: |
266
Deals
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1464
People
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360
Companies
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11
Funds
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| EQT eyes stake in French nursing home operator |
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| EQT is in talks to buy a majority stake in nursing home operator Colisée from IK Investment Partners. The company manages nearly 270 nursing homes, assisted living facilities and home care agencies across France, Belgium, Spain and Italy. The investment would be made through EQT Infrastructure V, which has a target of €12.5 billion (about $15 billion). |
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| ArchiMed to take stake in medical device tester |
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| French private equity investor ArchiMed has agreed to buy a majority stake in medical device testing company Namsa, with Private Equity News reporting a price of just over $350 million. Based in Ohio, Namsa also offers services related to clinical research, regulatory consulting and more. |
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| CenterOak backs HVAC add-on |
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| Service Champions, a portfolio company of CenterOak Partners, has purchased ASI Hastings, a provider of heating, ventilation, air conditioning and plumbing services in San Diego. CenterOak has backed Service Champions, a fellow provider of HVAC services, since 2019. |
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| Schlumberger, Liberty strike fracking pact |
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| Oilfield services giant Schlumberger has agreed to hand over control of OneStim, an onshore hydraulic fracturing business operating in the US and Canada, to Liberty Oil Services in exchange for a 37% equity stake in the combined company. The deal will create a pressure pumping business with combined 2019 pro-forma revenue of $5.2 billion. |
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| Intelsat, Gogo reach $400M wifi agreement |
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| Satellite and connectivity specialist Intelsat has agreed to pay $400 million for the commercial aviation business of Gogo, which provides in-flight internet services to 21 airlines. Intelsat, which is based in Virginia, plans to fund the deal with cash on hand and an existing debtor-in-possession financing facility. |
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اللباس التقليدي الحضرمي للرجال مرحبا بكم في سلسلة اللباس التقليدي الحضرمي .. لنتعرف معا على تراثنا ...وربما أن بعض هذه الملابس لم تعد مس...
الغرف برس / خاص عقد قسم البرامج التعليمية بجمعية السبيل الاجتماعية الخيرية يوم الأحد 18 فبراير 2018 م لقاءا بأئمة المساجد المكفولين...
