Thoma Bravo has recapped Entrust, a Dallas data security company.
It’s not clear how big the recap was but proceeds were used to pay a dividend to shareholders, as well as to retire existing debt and for other corporate purposes, a source says.
Golub Capital, which acted as joint bookrunner and syndication agent on the deal, disclosed news of the recap via a statement Monday. Wells Fargo Capital Finance, part of Wells Fargo & Co., was also joint bookrunner and administrative agent.
Thoma Bravo, with offices in San Francisco and New York Chicago, acquired Entrust in 2009 for $124 million.