Thoma Bravo said Thursday that it has promoted Seth Boro and Holden Spaht to managing partners. Prior to joining the firm, Boro worked at Summit Partners while Spaht worked at Morgan Stanley.
SAN FRANCISCO & CHICAGO–(BUSINESS WIRE)–Thoma Bravo, LLC, a leading private equity investment firm, has promoted Seth Boro and Holden Spaht to managing partner. Both Boro and Spaht joined Thoma Bravo in 2005 as vice presidents in the firm’s San Francisco office, and were promoted to partner in 2011. Boro and Spaht join current managing partners Orlando Bravo, Scott Crabill, Lee Mitchell and Carl Thoma as leaders of the firm.
“Over their eight-plus years with the firm, Seth and Holden have proven to be tremendous investment professionals,” said Orlando Bravo, managing partner of Thoma Bravo. “Seth has been instrumental in guiding the firm into very rewarding areas for our investors and has led some of our most meaningful transactions. Holden has shown incredible investment judgment and has demonstrated exceptional skill in building and growing a portfolio of profitable companies.”
“Seth and Holden have contributed greatly to identifying, completing and managing many of our most successful investments,” added managing partner Carl Thoma. “Their expertise and success, particularly in the software and technology sectors, have helped produce some of the most successful funds in our firm’s history, and we’re confident this promotion will help us continue to produce strong returns for our investors.”
Boro’s prior experience includes positions at Summit Partners LP, in Palo Alto, Calif., and with Credit Suisse and First Marathon Securities, both in Toronto. A native of Ottawa, Boro has played a key role in the firm’s acquisition and development of Keynote Systems, Inc.; Blue Coat Systems, Inc.; Mediware Systems, Inc.; Tripwire, Inc; Hyland Software, Inc.; Entrust, Inc.; SonicWALL, Inc.; LANDesk Software; Flexera Software LLC; and Vision Solutions, Inc. Boro joined Thoma Bravo after earning a master’s of business administration from the Stanford Graduate School of Business. He received a Bachelor of Commerce degree from Queen’s University in Kingston, Canada.
Spaht joined Thoma Bravo in 2005 from Morgan Stanley, where he had worked with that firm’s buyout fund in London and its corporate finance team in San Francisco. Spaht’s prior experience also includes positions with Thomas H. Lee Partners in Boston and Morgan Stanley in New York City. At Thoma Bravo, he has played a key role in the firm’s acquisition and development of Digital Insight; Telestream, Inc.; Deltek, Inc.; Embarcadero Technologies, Inc.; Edmentum Inc.; Roadnet Technologies, Inc. and Sirius Computer Solutions, Inc. Spaht earned a master’s of business administration from Harvard Business School, a bachelor’s degree from Dartmouth College and was awarded a Fulbright Scholarship for study in Germany.
“Seth and Holden have demonstrated outstanding firm leadership,” said Bravo. “Carl, Lee, Scott and I are very proud to have them join us as managing partners.”
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm applies its own industry consolidation investment strategy and process, which seeks to create value by partnering with a company’s management to improve business operations and make strategic acquisitions that will accelerate growth. Thoma Bravo invests across multiple industries, with a particular focus on application and infrastructure software and financial and business services. The firm currently manages a series of private equity funds representing more than $4 billion of equity commitments. For more information, visit www.thomabravo.com.
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