Press Release: Thoma Bravo Announces Strategic Minority Investment in SDC Capital Partners

Dow Jones10-02
MIAMI and NEW YORK and SAN FRANCISCO, Oct. 2, 2025 /PRNewswire/ -- Thoma 
Bravo, a leading software investment firm, today announced a strategic 
minority investment in SDC Capital Partners ("SDC"), a leading global 
digital infrastructure investment firm. Thoma Bravo will fund the 
transaction from its balance sheet. 
 
 
 
   Founded in 2017 by industry veteran Todd Aaron, SDC specializes in 
developing and investing in the infrastructure that powers the digital 
economy. SDC's commercial and engineering teams develop large-scale data 
center capacity for hyperscalers in the most important and 
supply-constrained markets around the world. SDC's flexible capital 
solutions also enable it to partner with leading management teams to 
deliver transformative, next-generation data center, fiber, wireless and 
cloud-services infrastructure. Since its inception, SDC has completed 
over 25 investments across North America, South America and Europe. 
 
 
   As one of the world's largest software-focused investors, Thoma Bravo 
shares SDC's philosophy of having a disciplined and specialized 
investment approach. Through its portfolio of more than 70 leading 
software companies, Thoma Bravo is one of the largest and most strategic 
customers of the world's leading hyperscalers. Thoma Bravo's 
relationships can help further strengthen and enable the expansion of 
SDC's platform as demand for compute and connectivity continues to 
accelerate globally. 
 
 
   "Thoma Bravo is one of the world's most admired investment firms and 
shares our view on the benefits of a sector-focused and operationally 
oriented approach," said Todd Aaron, Founder and Managing Partner of 
SDC. "Their portfolio provides them a unique, front-line perspective on 
the opportunities and challenges of digital infrastructure and the 
implications of AI and cloud computing. We look forward to leveraging 
their expertise as we continue to grow our platform, drive greater value 
for our investors and build the digital infrastructure that underpins 
the global economy." 
 
 
   "We see firsthand how the rapid growth in AI, cloud computing and 
advanced technologies is driving unprecedented demand for secure, 
scalable and resilient digital infrastructure," said Holden Spaht, a 
Managing Partner at Thoma Bravo. "Todd has been a leading operator and 
investor in digital infrastructure for the last 25 years, and SDC's 
disciplined asset selection and operational model have delivered for 
their investors. We see tremendous opportunities in this space and are 
excited to see SDC accelerate the digital transformation of the global 
economy." 
 
 
   Piper Sandler served as the exclusive financial advisor and Kirkland & 
Ellis LLP served as legal counsel to Thoma Bravo. Houlihan Lokey served 
as financial advisor and Kirkland & Ellis LLP served as legal counsel to 
SDC Capital Partners. 
 
 
   About Thoma Bravo 
 
 
   Thoma Bravo is one of the largest software-focused investors in the 
world, with over $181 billion in assets under management as of June 30, 
2025. Through its private equity, growth equity and credit strategies, 
the firm invests in growth-oriented, innovative companies operating in 
the software and technology sectors. Leveraging Thoma Bravo's deep 
sector knowledge and strategic and operational expertise, the firm 
collaborates with its portfolio companies to implement operating best 
practices and drive growth initiatives. Over the past 20+ years, the 
firm has acquired or invested in approximately 555 companies 
representing approximately $285 billion in enterprise value (including 
control and non-control investments). The firm has offices in Chicago, 
Dallas, London, Miami, New York and San Francisco. For more information, 
visit Thoma Bravo's website at thomabravo.com. 
 
 
   About SDC Capital Partners 
 
 
   SDC Capital Partners, LLC is a global digital infrastructure investment 
firm with approximately $7.8 billion of assets under management as of 
June 30, 2025. SDC invests in data centers, fiber networks, wireless 
infrastructure, and associated businesses, with a focus on opportunities 
to leverage its development capabilities and deep operational expertise 
in partnership with exceptional teams to create value. For more 
information, visit www.sdccapitalpartners.com. 
 
   Contacts 
 
 
 
   Thoma Bravo 
 
   Megan Frank 
 
   +1.212.731.4778 
 
 
   mfrank@thomabravo.com 
 
 
   or 
 
   FGS Global 
 
   Akash Lodh 
 
 
   ThomaBravo-US@fgsglobal.com 
 
   SDC Capital Partners 
 
 
   info@sdccapitalpartners.com 
 
 
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   SOURCE Thoma Bravo 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 02, 2025 07:18 ET (11:18 GMT)

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