Thoma Bravo to Buy Coupa Software for $6.15 Billion

Reuters2022-12-12

Private equity firm Thoma Bravo will buy Coupa Software Inc for $6.15 billion in cash, the business software maker said on Monday.

Thoma Bravo will pay $81 per share for Coupa, representing a premium of 30.5% to the stock's closing level on Friday. The price tag was 77.2% higher than the closing price on Nov. 22, when investors' interest in the company was first reported.

The all-cash deal, which has an enterprise value of $8 billion, is the latest in a series of tech acquisitions by Thoma Bravo, which has been snapping up public companies with lower valuations.

Over the last two years, the private equity firm has made a series of acquisitions in the cybersecurity space, including Ping Identity, Sophos, Proofpoint and Sailpoint Technologies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
2