Thoma Bravo ups two to principal

Thoma Bravo has promoted Arvindh Kumar and Chip Virnig to principal. Previously, Kumar and Virnig were vice presidents. Prior to joining Thoma Bravo, Kumar worked at a number of firms that included Prospect Capital Management, BC Partners and Morgan Stanley while Virnig worked in Merrill Lynch & Co’s investment banking group.


Bain Capital completes Blue Coat acquisition

Bain Capital has closed its previously announced buy of cybersecurity company Blue Coat Systems Inc for about $2.4 billion in cash. The seller was Thoma Bravo LLCGoldman Sachs provided financial advice to Blue Coat on the transaction while Jefferies LLC did likewise for Bain Capital.


Thoma Bravo recruits Mock for capital markets director

Thoma Bravo has appointed Erwin Mock as director of capital markets. For this newly created position, Mock will be based at the firm’s San Francisco office. Previously, Mock worked at UBS Investment Bank where he served as a managing director.


Thoma Bravo-backed Deltek to acquire HRsmart

Deltek, a portfolio company of Thoma Bravo, has agreed to buy HRsmart. No financial terms were disclosed. Based in Richardson, Texas, HRsmart is a provider of unified talent management solutions.


JMI Equity and TPG Growth sell PowerPlan to Thoma Bravo

Thoma Bravo has bought Atlanta-based PowerPlan, a provider of of accounting, tax and capital budgeting optimization solutions for capital asset-intensive businesses. The sellers were JMI Equity and TPG Growth. No financial terms were disclosed. William Blair provided financial advice to PowerPlan on the transaction.


Genstar Capital completes Telestream acquisition

Thoma Bravo has closed its sale of Telestream to Genstar Capital. No financial terms were disclosed. Lazard provided financial advice to Telestream on the transaction. Based in Nevada City, California, Telestream is a provider of live and on-demand digital video tools and workflow solutions.


Thoma Bravo to sell Telestream to Genstar Capital

Genstar Capital has agreed to buy Telestream. The seller is Thoma Bravo. No financial terms were disclosed. Silverwood Partners was financial advisor on the transaction while Ropes & Gray was legal counsel to Genstar. Based in Nevada City, Calif., Telestream is a provider of live and on-demand digital video tools and workflow solutions.


Riverside Partners promotes three

Riverside Partners has promoted Michelle Noon and Max Osofsky to partner. The company has also promoted Craig Stern to principal. Prior to joining Riverside, Noon worked at Thoma Bravo and Morgan Stanley while Osofsky was at Summit Partners where he served as a vice president. And before joining Riverside, Stern was at Nextag where he worked as a vice president of corporate development.


Belden acquires Tripwire from Thoma Bravo for $710 mln

Thoma Bravo has closed its sale of Tripwire to Belden for $710 million. Chertoff Capital was investment banking advisor to Thoma Bravo on this transaction. Based in Portland, Oregon and Alpharetta, Georgia, Tripwire is a provider of advanced threat, security and compliance solutions.

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