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Thoma Bravo hits $1.25bn for tenth fund

28 Feb 2012

US private equity firm Thoma Bravo has raised $1.25bn for its latest buy-out fund.

Thoma Bravo Fund X will continue the firm’s buy and build strategy in consolidating industries with a focus on enterprise and infrastructure software and financial and business services.

The firm is led by managing partners Orlando Bravo, Scott Crabill, Lee Mitchell and Carl Thoma, and two partners: Holden Spaht and Seth Boro.

“We are very pleased with the success of our last three funds which, of course, was an important factor in the strong reception Fund X achieved,” said Thoma. “With the new fund, we expect to continue our investment focus on consolidating industry sectors, support for existing management, immediate operational improvements, and rapid growth through accretive acquisitions – all part of our more than 30-year heritage.”

“We are pleased to have exceeded our fundraising goal quickly despite a challenging fundraising environment,” added Bravo. “We appreciate the support and validation from our prior and new investors, and we expect to reward their confidence by continuing to produce strong and consistent returns.”

Thoma Bravo completed its first platform acquisition for Fund X when it recently acquired Telestream, a leading provider of live and on-demand digital video tools and solutions.

In addition, earlier this month Thoma Bravo led an investment group that took private Blue Coat Systems, a leading provider of Web security and WAN optimization solutions. The transaction was valued at $1.3bn.

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