Thoma Bravo entered an exclusive agreement to sell InfoVista to Apax Partners for an undisclosed amount. Thoma Bravo acquired InfoVista, which provides network performance services, in 2012 through a take-private on the Euronext exchange. The offer is subject to consultations with the relevant employee bodies before entering final negotiations.
Thoma Bravo, a leading private equity investment firm, has received a binding offer and entered into exclusivity to sell InfoVista S.A., a market leader in service performance assurance solutions for IP-based network and application services, to Apax Partners. Financial terms of the agreement were not disclosed, and the offer is subject to consultation with the relevant employee representative bodies before entering into final negotiations.
Thoma Bravo acquired Paris-based InfoVista in April 2012 through a complex take-private acquisition on the Euronext exchange, setting the stage for the company to accelerate its growth as a private company. During its partnership with Thoma Bravo, InfoVista more than doubled its size through organic growth and complementary acquisitions.
“We couldn’t be more proud of our partnership with [InfoVista CEO] Philippe Ozanian and his management team,” said Robert Sayle, a partner at Thoma Bravo. “At the time of our acquisition, we worked closely with them on an aggressive growth plan that built upon the successful platform they had developed, and this sale is a tribute to the new heights they’ve reached.”
Under Thoma Bravo’s partnership with InfoVista, the company:
Demonstrated strong and consistent organic growth over the past three years.
More than quadrupled its earnings.
Completed two material acquisitions (Mentum and Ipanema) that helped management realize its goal of becoming a leading network performance orchestration vendor.
“Thoma Bravo is, and has been, an excellent strategic partner over the last four years,” said Ozanian. “Working together, we’ve enhanced InfoVista’s position as a global leader in the network performance software solutions category, and we are well positioned to continue that momentum with our new partner.”
“InfoVista is a great example of a company that seized its leadership position and grew both organically and through acquiring businesses that supplemented its offerings,” said Seth Boro, a managing partner at Thoma Bravo. “We’re so appreciative of Philippe and his team for trusting us to guide them into new waters as a private company and for implementing our Thoma Bravo buy-and-build strategy to create a market-leading franchise.”
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 seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing about $12 billion of equity commitments. For more information, visit www.thomabravo.com.
About InfoVista S.A.
InfoVista is the leading provider of network performance orchestration solutions that enable efficient network and IT transformations in today’s fast-paced digital world. Our award-winning solutions empower communications service providers and large enterprises to ensure a high-quality user experience by guaranteeing business-critical application performance and achieving optimal network performance. InfoVista’s expertise and innovations provide more than 1,500 global customers with a new level of actionable application and network intelligence, visibility and control across all services, all technologies, and all domains of both the fixed and mobile networks. Using our solutions, they deliver high-performing and differentiated services, plan and optimize networks to match application and service demands, and streamline network operations while keeping total cost of ownership as low as possible. For more information, visit www.infovista.com.