Thoma Bravo has reportedly struck a deal to buy RealPage, a property management software developer, in a $9.6bn deal.
The Wall Street Journal broke the news about the acquisition, saying that Thoma Bravo will pay $88.75 per share for the company at a 31% premium of RealPage’s $67.83 closing price on Friday.
Thoma Bravo raised $22.8bn across three funds in October. The Chicago-based firm has previously bought cloud-enabled cybersecurity company Sophos in a deal worth around $3.8bn and completed earlier this year. Thoma Bravo also carved out app security testing business Veracode from Broadcom in a $950m buyout in 2018.
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