Thoma Bravo leads new growth chapter for Azul with majority acquisition

Thoma Bravo has closed its majority investment in Azul, strengthening the software investor’s position in enterprise Java and supporting the company’s plans to scale globally amid surging demand for high-performance Java platforms.

Existing backers Vitruvian Partners and Lead Edge Capital have made additional investments and will retain meaningful minority stakes alongside Azul employees. The transaction is designed to accelerate product innovation, expand Azul’s international footprint, and increase customer impact across cloud, hybrid, and on-premises environments.

Scott Sellers, Azul’s co-founder and CEO, said the investment opens a new phase in the company’s development. He noted that Azul sits at the centre of Java performance, efficiency, and modernisation, which has become increasingly important as organisations manage AI adoption, rising infrastructure costs, and platform dependence.

Thoma Bravo partner Adam Solomon said Azul is positioned for meaningful growth because of its focus on performance, security, and innovation. Vice president Chandler Gay added that the firm aims to help broaden Azul’s reach and accelerate product development.

The deal received debt financing from Ares Management. Thoma Bravo was advised by William Blair and Goodwin Procter, while Azul worked with Guggenheim Securities and Kirkland & Ellis. Azul serves a large global customer base, including 36% of the Fortune 100.

The majority investment underscores Thoma Bravo’s continued focus on scaled, growth-oriented software businesses as private equity interest in infrastructure and developer technologies intensifies.

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