Thoma Bravo to buy majority stake in DigiCert

Thoma Bravo LLC has agreed to acquire a majority stake in Lehi, Utah-based DigiCert, a provider of trusted certificate management solutions. The seller is TA Associates, which will retain a minority stake in DigiCert as part of the transaction. No financial terms were disclosed. Jefferies LLC provided financial advice to Thoma Bravo while Evercore did likewise for DigiCert. Jefferies Finance LLC and Fifth Street Asset Management provided the financing for the deal.

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Thoma Bravo buys iPipeline

Thoma Bravo has acquired Exton, Pennsylvania-based iPipeline, a tech provider of cloud-based software solutions for the life insurance sector. The sellers were NewSpring Capital, Technology Crossover Ventures and Volition Capital. No financial terms were disclosed. Golub Capital and Ares Capital Corp provided funding for the deal. Credit Suisse was the lead financial advisor to iPipeline on the transaction while Bank of America Merrill Lynch and William Blair served as co-advisors.

478 Views

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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