Firm at a glance
Thoma Bravo is a platform private equity firm headquartered in Chicago, IL, per its own website [S1]. The firm reported approximately $172 billion in assets under management as of March 31, 2026 [S1].
What they buy
Thoma Bravo operates as one of the largest software-focused private equity investors globally. Recent public transaction activity indicates the firm continues to pursue software businesses across multiple verticals, including enterprise performance management platforms, occupational health software, validation lifecycle management systems, and logistics technology providers [S1]. The firm’s transaction pattern demonstrates a focus on both platform acquisitions and strategic mergers within its portfolio.
Portfolio
Specific portfolio company holdings were not surfaced in publicly available materials reviewed as of July 2026. The firm’s website and recent press releases reference transaction activity but do not maintain a comprehensive public portfolio listing [S1].
Recent activity (last 24 months)
– July 2026: Facilitated merger of Hypergene and Stratsys [S1]
– July 2026: Exited HCSS through sale to Nemetschek Group [S1]
– June 2026: Acquired padoa, an occupational health software provider [S1]
– June 2026: Acquired Kneat, a validation lifecycle management platform [S1]
– June 2026: Facilitated merger of WWEX Group and Auctane [S1]
How this firm fits a seller
Thoma Bravo’s scale and software specialization position it for larger platform transactions rather than typical lower middle market deals. The firm’s recent activity demonstrates both acquisition capacity and exit execution, with the HCSS sale to Nemetschek Group illustrating the firm’s ability to complete strategic exits [S1]. Software business owners seeking a buyer with deep sector expertise and substantial capital resources may find alignment, though the firm’s size suggests it targets businesses with significant revenue scale. The firm maintains offices across six cities in the United States and London, indicating geographic reach for North American and European transactions [S1].
Sources
[S1] https://thomabravo.com (as of 2026-07-07 and 2026-03-31)
Frequently asked questions
Does Thoma Bravo buy software businesses?
Yes, Thoma Bravo is recognized as a software-focused private equity firm. Recent acquisitions include padoa, an occupational health software company, and Kneat, a validation lifecycle management platform, both completed in June 2026 [S1]. The firm’s transaction history demonstrates consistent activity in the software sector.
What companies has Thoma Bravo acquired recently?
In the first half of 2026, Thoma Bravo acquired padoa and Kneat, and facilitated mergers involving Hypergene and Stratsys as well as WWEX Group and Auctane [S1]. The firm also completed an exit of HCSS to Nemetschek Group in July 2026 [S1].
Where is Thoma Bravo based and how big is the firm?
Thoma Bravo is headquartered in Chicago, IL, with additional offices in Dallas, Miami, New York, San Francisco, and London [S1]. The firm reported approximately $172 billion in assets under management as of March 31, 2026 [S1].
Is Thoma Bravo still actively acquiring?
Yes, Thoma Bravo appears actively engaged in acquisitions. The firm completed multiple transactions in June and July 2026, including two acquisitions and two strategic mergers, indicating ongoing deal activity [S1].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.