Thoma Bravo has helped build some of the world’s leading companies in software applications, infrastructure and cybersecurity. CEO Dan Goldsmith was forced to resign along with his sister, Chief Strategy Officer Jennifer Goldsmith, and SVP Strategy & Operations Amanda Buckley. Thoma Bravo's best and final offer to acquire Instructure was an increase from the prior $47.60 per share consideration offered when the transaction was originally announced on … The other change was that the Bravo offer was changed to a two-step tender, meaning Thoma Bravo offered to buy a percentage of t… Back in mid February, it was clear that Thoma Bravo’s offer to buy Instructure for $49 per share would not pass a shareholders’ vote, despite the early February 3% increase from $47.60. Thoma Bravo plans to partner with Instructure's existing management team to help drive continued growth with a focus on innovation and customer success tailored for the modern learning environment. Thoma Bravo plans to partner with Instructure's existing management team to help drive continued growth with a focus on innovation and customer success tailored for the modern learning environment. SAN FRANCISCO and SALT LAKE CITY, March 24, 2020 /PRNewswire/ -- Thoma Bravo, LLC, a leading private equity firm focused on the software and technology-enabled services sectors, and Instructure announced today that they have completed a transaction in which Thoma Bravo has acquired Instructure in an all-cash transaction that valued the company at an aggregate equity value of approximately $2 billion. The Company invests in application and infrastructure software and technology enabled services sectors. TPG will acquire its stake from Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors. The firm's investment in Mailgun is the latest investment in infrastructure software. Thoma Bravo, LP, is an American private equity and growth capital firm with offices in San Francisco and Chicago. Terms of the agreement were not disclosed. J.P. Morgan Securities served as exclusive financial adviser to Instructure, and Cooley LLP served as its legal adviser. Thoma Bravo invests across multiple industries, with a particular focus on application and infrastructure software and financial and business services. By 2005, Bravo and Thoma had recruited three employees, Scott Crabill, Holden Spaht and Seth Boro, to focus on software applications, cybersecurity and Web infrastructure. Vista closed its second Endeavor fund on $850 million in July. With the purchase, Thoma Bravo said it plans to increase Instructure’s investment in education … Kirkland & Ellis served as the legal adviser to Thoma Bravo. J.P. Morgan Securities served as exclusive financial adviser to Instructure, and Cooley LLP served as its legal adviser. "I'm confident the Thoma Bravo team will make Instructure a better business which will ultimately result in more value to our customers and partners in education.". ", "I believe that our shareholders are pleased with the outcome, and I anticipate great things to come in this new chapter for Instructure," said Josh Coates, Executive Chairman of the Board at Instructure. With a series of funds representing more than $35 billion in capital commitments, Thoma Bravo partners with a Company's management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. More than 30 million people use the Canvas Learning Management Platform for schools and the Bridge Employee Development Platform for businesses. Thoma Bravo’s acquisition of RealPage is a big deal (no pun intended!). Thoma Bravo, LLC, a leading private equity firm focused on the software and technology-enabled services sectors, and Instructure announced today that they have completed a … The firm has offices in San Francisco and Chicago. Through its Canvas and Bridge platforms, Instructure helps educate over 30 million users by providing innovative learning management solutions that help serve the needs of educators, students and businesses. With the completion of the acquisition, Instructure's common stock ceased trading and the company is no longer listed on the New York Stock Exchange. Get over 220,000 high net-worth attorney leads with email and phone numbers Thoma Bravo, which targets control opportunities in application, infrastructure and security software, has since 2008 seen its addressable market in … Thoma Bravo, a private equity firm, has commenced its so-called “tender offer” to purchase shares of Instructure, the publicly traded provider of the Canvas learning management system, at $49 each directly from shareholders. About InstructureInstructure helps people grow from the first day of school to the last day of work. TRADER is the operator of a digital automotive marketplace in Canada that boasts listings for more than 450,000 vehicles. It’s not only one of the largest PropTech acquisitions ever completed but also a watershed moment for the entire PropTech industry representing the dawn of a new age and throwing the spotlight on a market that has traditionally lagged behind other areas of the economy in software … San Francisco, CA 94111 +1 (415) 263-3660, Thoma Bravo Completes Acquisition of Instructure, San Francisco’s Neediest Children See Outpouring of Support, Thoma Bravo Completes Tender Offer for Outstanding Shares of Instructure.

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