Thoma Bravo Raises $1.88 Billion European-Focussed Fund

Thoma Bravo, a leading global software investment firm based in the US, on Tuesday announced the completion of fundraising for its first European-focused fund, Thoma Bravo Europe Fund totalling approximately $1.88 billion in capital commitments.

The Europe Fund seeks to make equity investments in innovative, middle-market software businesses across core European software markets with the goal of supporting founders, entrepreneurs and management teams in scaling their businesses into European industry leaders.

Thoma Bravo has been investing in Europe for 14 years, having deployed over $14.65 billion of equity across 16 transactions in the region.

Since the opening of its first international office in London in 2023, Thoma Bravo’s European team has made four investments across the Netherlands, Germany and Sweden, including the $418.53 million take-private of EQS Group and growth investments in USU, Hypergene and LOGEX.

Orlando Bravo, a Founder and Managing Partner at Thoma Bravo, said that their first dedicated pool of capital for European software marks a significant milestone for their firm. We see an enormous opportunity to back Europe’s technology innovators and help them scale, and we are grateful for the long-term support of our investors in realising this ambition, he said.

Irina Hemmers, a Partner at Thoma Bravo and head of its European office, said that the closing of Thoma Bravo’s first Europe Fund represents a significant opportunity to deepen the company’s presence in the region.

Europe is digitising rapidly, and leading software companies are increasingly looking for dedicated support and investment to accelerate their growth strategies. As a highly specialised investor, Thoma Bravo brings decades of operational expertise and best practice that they believe can help turn the top regional software businesses into European champions and global leaders, Irina added.

The other funds of Thoma Bravo totalling more than $32.4 billion in capital commitments in the past include Thoma Bravo Fund XV, a $24.3 billion fund, Thoma Bravo Discover Fund IV, a $6.2 billion fund and Thoma Bravo Explore Fund II, a $1.8 billion fund.

About Thoma Bravo

Thoma Bravo is one of the largest software-focused investors in the world, with over $166 billion in assets under management as of 30 September 2024. 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 more than 500 companies representing approximately $265 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco.