Thoma Bravo Acquires Austin-Based, privately held Planview, PPM and Enterprise Architecture Tools

Passed from one PE firm to another: from Insight Venture Partners to Thoma Bravo. Sort of, one piece of coverage says “Insight Venture Partners will maintain its original 2014 capital investment in company.”

Carl Lehmann (he’s popped up a lot recently here!) and Liam Rogers at 451 have some numbers estimates:

Thoma Bravo’s acquisition of Planview comes three years after Insight Venture Partners acquired the WRM software company for an estimated $150m. The latest acquisition comes well above that – we estimate the deal size to be $800m. The multiple paid for the business is also substantially higher than the last purchase of Planview, which generated $175m in revenue in 2016. Insight will maintain an equity stake in the company, and Thoma Bravo becomes the new majority owner.

The rest of the excellent (as always) deal write-up also reminds me that Planview bought Troux back in 2015, consolidating this space a bit…albeit a pretty small market.

In addition to the Silicon Hills piece, see the official press release.

Link

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