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Thoma Bravo Recaps Entrust, Proceeds To Partly Pay Dividend–CORRECTED

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.