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New Deal


Announced

Thoma Bravo-backed Apttus to acquire Conga from Insight Partners for $715m.

Financials

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Transaction Value£577m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software services

salesforce

Majority

Friendly

Single Bidder

software solutions

data management software

Software

Acquisition

Pending

United States

Private Equity

Private

Synopsis

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Thoma Bravo-backed software developer Apttus agreed to acquire Conga, a database management software developer, from Insight Partners, the global private equity and venture capital firm, for $715m. "Apttus and Conga are people-first businesses with core values that fit together seamlessly, and both are fueled by an inherent drive to succeed. Combined, we'll continue to deliver the same dedication to customer service, innovation and culture as we have in the past. Our mission remains resolute -- to ensure customer success and unmatched world-class products and services. Now, we'll do it together," Frank Holland, Conga CEO.

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