Thoma Bravo Closes First European Fund at €1.8 Billion, Exceeding its Target

Whats Happening:

Thoma Bravo, a leading global software investment firm, has completed fundraising for its first European-focused fund, Thoma Bravo Europe Fund, raising approximately €1.8 billion in capital commitments. The fund aims to make equity investments in innovative, middle-market software businesses across core European software markets.

Key Moves:

• Thoma Bravo closes its first European-focused fund at €1.8 billion

• The fund will invest in innovative, middle-market software businesses in Europe

• Thoma Bravo has already made four investments across the Netherlands, Germany, and Sweden

By The Numbers:

• Thoma Bravo Europe Fund raised €1.8 billion in capital commitments

• Thoma Bravo has deployed over €14 billion of equity across 16 transactions in Europe

• The firm has over US$166 billion in assets under management as of September 30, 2024

Key Quotes:

• "Our first dedicated pool of capital for European software marks a significant milestone for our firm," said Orlando Bravo, a Founder and Managing Partner at Thoma Bravo.

• "The closing of our first Europe Fund represents a significant opportunity to deepen our presence in the region," said Irina Hemmers, a Partner at Thoma Bravo and head of its European office.

• "Europe is digitizing rapidly, and leading software companies are increasingly looking for dedicated support and investment to accelerate their growth strategies."

Bottom Line:

Thoma Bravo's successful closing of its first European-focused fund at €1.8 billion demonstrates the firm's commitment to expanding its presence in the European software market. This move positions Thoma Bravo to capitalize on the growing opportunities in Europe's rapidly digitizing economy and support innovative software companies in their growth strategies.

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