|
Laxman Pai, Opalesque Asia: Technology-focused investment manager Thoma Bravo has closed its inaugural European fund at €1.8 billion ($1.96 billion), through which it plans to take equity stakes in mid-sized software companies across the continent.
The American private equity and growth capital firm that specializes in software deals said in a press note that the Europe Fund seeks to make equity investments in innovative, middle-market software businesses across core European software markets to support founders, entrepreneurs, and management teams in scaling their businesses into European industry leaders.
"Our first dedicated pool of capital for European software marks a significant milestone for our firm," said Orlando Bravo, a Founder and Managing Partner at Thoma Bravo. "We see an enormous opportunity to back Europe's technology innovators and help them scale, and we are grateful for the long-term support of our investors in realizing this ambition."
Thoma Bravo has been investing in Europe for fourteen years, having deployed over €14 billion of equity across 16 transactions in the region, said the software-focused investor with over US$166 billion in assets under management.
"The closing of our first Europe Fund represents a significant opportunity to deepen our presence in the region," said Irina Hemmers, a Partner at Thoma Bravo and head of its European office.
"Europe is digitizing rapidly, and leading software companies increasingly...................... To view our full article Click here
|
RSS
