Thoma Bravo closes SMA investment

Existing investor ParkerGale Capital will retain a minority position in SMA Technologies.

  • Raymond James served as financial advisor and Kirkland & Ellis LLP served as legal advisor to SMA Technologies
  • The investment will be used by SMA for expansion
  • Thoma Bravo has more than $122 billion in assets under management as of June 30, 2022

Thoma Bravo has completed an investment in SMA Technologies, a provider of automation solutions for financial services. No financial terms were disclosed.

The investment will be used by SMA for expansion.

SMA was founded in 1980 by automation experts at NASA.

“Since its founding, SMA has earned its clients’ trust to support mission critical operations through its unmatched domain expertise, deep focus on customer care and reliable solutions that help clients unlock efficiencies in their businesses,” said Adam Solomon, a partner at Thoma Bravo, in a statement. “We look forward to working with Todd and the entire SMA team to build on the company’s strong momentum.”

Existing investor ParkerGale Capital will retain a minority position in SMA Technologies. Raymond James served as financial advisor and Kirkland & Ellis LLP served as legal advisor to SMA Technologies.

Thoma Bravo has more than $122 billion in assets under management as of June 30, 2022. The firm invests in companies operating in the software and technology sectors.

SMA Technologies is a maker of OpCon, a workload automation and orchestration platform for banks, credit unions, insurance companies and other financial services businesses.