Thoma Bravo has closed a 1.8 billion euro ($1.89 billion) foundation dedicated to European software deals.
The mentioned private equity group announced the specified fund on Tuesday, February 25. In this context, it was separately noted that the fund is focused on the middle-market companies, which operate in the software development area. The corresponding financial offer applies to the whole of Europe. It is worth noting that the fund announced on Tuesday is the first for Thoma Bravo in the mentioned region.
Orlando Bravo, a founder and managing partner at Thoma Bravo, stated that the first dedicated pool of capital for European software marks an important milestone for the firm. In this context, it was noted separately that there is currently a huge opportunity to support European technology innovators and help them scale. Orlando Bravo also stated that the firm is grateful to investors for their long-term support in realizing the mentioned ambition.
Irina Hemmers, a partner and head of Thomas Bravo’s European Office, noted that the fund comes at a time when Europe is rapidly digitizing, and leading software companies are increasingly looking for dedicated support and investments to accelerate their growth strategies.
Thoma Bravo has been investing in European companies for 14 years. During this period, more than $14 billion was spent on 16 deals across the mentioned region. The relevant information is contained in a press release published by Thoma Bravo.
It is worth noting separately that since last year, there has been a process of intensification of private equity activity in Europe.
As we have reported earlier, Imperia Raises Funds to Expand Supply Chain Management Software.
