Investment Focus & Thesis

Thoma Bravo focuses exclusively on software and technology companies, seeking businesses with strong recurring revenue and growth potential: Investment Range Equity investments typically ranging from $100 million to $1 billion+ in software companies. Sector Focus Enterprise software, SaaS, and applied technology. Enterprise software — Business applications and infrastructure software SaaS — Cloud-based software and services Applied technology - Software-enabled solutions for specific industries Cybersecurity - Security software and services Fintech - Financial technology and payments

Key Takeaways

  • •Focus on Logistics, Technology companies
  • •Investment range: $25M-$100M in equity
  • •Based in United States
  • •Growth equity focus
  • •Active value creation approach

Notable Portfolio Companies

Thoma Bravo has built an extensive portfolio of software and technology companies: Company Sector Notes Netskope Cybersecurity Cloud security platform Duo Security Cybersecurity Multi-factor authentication SolarWinds Enterprise Software IT management software McAfee (enterprise) Cybersecurity Enterprise security software Rivigo Logistics Technology Logistics and supply chain Atera Enterprise Software IT management platform Thoma Bravo has invested in over 100 software companies and is known for its buy-and-build strategy and operational expertise.

What Thoma Bravo Looks For

Based on their investment patterns, Thoma Bravo evaluates opportunities based on: Recurring revenue — Strong SaaS metrics and subscription models Market leadership - Strong competitive positions in growing markets Growth potential - Significant opportunity for expansion Technology differentiation - Proprietary technology and IP Management teams - Experienced technology executives }> Pro Tip Thoma Bravo brings deep software expertise and operational experience. They look for companies with strong SaaS metrics and clear paths to growth.

How to Connect With Thoma Bravo

Approaching Thoma Bravo requires demonstrating software leadership and growth potential: 1 Showcase SaaS Metrics Present ARR/MRR growth, net revenue retention, and gross margins. 2 Demonstrate Market Position Show competitive landscape, market share, and differentiation. 3 Present Technology Differentiations Highlight proprietary technology and intellectual property. 4 Leverage Technology Networks Many deals come through technology industry advisors or existing portfolio companies.

The Value of Financial Preparedness

PE firms like Thoma Bravo expect detailed financial information for software companies: SaaS Metrics • ARR and MRR growth • Net revenue retention • Customer acquisition cost • Customer lifetime value Financial Data • Gross margins • Rule of 40 analysis • Churn rates • Path to profitability }> How Eagle Rock Helps We help software companies prepare for PE investment by building detailed financial models, SaaS metric dashboards, and investor-ready presentations. Our fractional CFO services ensure your company is ready for due diligence.

Pro Tip

Prepare detailed financial projections and operational metrics before initial meetings.

Frequently Asked Questions

What industries does focus on?

primarily invests in Logistics, Technology. The firm seeks companies with strong market positions and clear growth trajectories.

What size companies does acquire?

typically invests $25M-$100M in equity, targeting companies with enterprise values in the lower to middle market range.

What is 's typical investment size?

The firm's equity investments generally range from $25M-$100M, positioning them as active investors who can provide meaningful capital for growth.

How long does 's due diligence process take?

Due diligence timelines vary by deal complexity, but typically conducts thorough financial, operational, and market due diligence over several weeks to months.

What should I prepare before engaging with ?

Prepare three years of audited financials, detailed market analysis, management team bios, growth plans, and a clear vision for how the partnership would create value.

How does work with portfolio companies?

takes a partnership approach, working closely with management teams on strategic initiatives, acquisitions, and operational improvements.

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This article is part of our Private equity firms | Eagle Rock CFO guide.