Software-focused private-equity firm Thoma Bravo is selling a 45% stake in Command Alkon Inc., a provider of supply-chain-management software for the heavy construction industry, to HeidelbergCement AG in a deal that values the company at about $1.7bn, according to people familiar with the matter.
Thoma Bravo will keep a majority stake in the Birmingham, Ala.-based company, which it acquired last year.
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Thoma Bravo is one of the largest private equity firms in the world, with more than $78bn in assets under management as of March 31, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors.
Leveraging the firm’s deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired more than 300 companies representing over $85bn in enterprise value. The firm has offices in Chicago, Miami and San Francisco.
Source: Wall Street Journal
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