Thoma Bravo Sells SonicWall for Reported $1.2 Bln to Dell in Less than 2 Years


SonicWall was a quick deal for Thoma Bravo.

Today, Dell announced it would buy  the tech-security company. The Wall Street Journal is valuing the transaction at $1.2 billion, including debt. The deal is expected to close in 45 days.

“During our ownership of the company, their implementation of our operational strategies resulted in a significant increase in Sonic Wall’s value,” said Orlando Bravo, a Thoma Bravo managing partner, in a statement.

In July 2010, Thoma Bravo and Teachers’ Private Capital closed their buy of IT security company SonicWall. Teachers’ private Capital is the private investor department of the Ontario Teachers’ Pension Plan. San Jose, Calif.-based Sonic Wall provides IT security and data backup and recovery solutions. It had revenue of $260 million last year, Reuters reported.

SonicWall’s sale to Thoma Bravo in 2010 was valued at $717 million. Thoma Bravo and Ontario Teachers’ Pension Plan put in about $280 million equity, according to SEC filings.

Centerview Partners advised SonicWall in its sale to Dell.

Officials for Thoma Bravo declined comment.

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