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New Deal


Announced

Thoma Bravo and JMI Equity-backed Condeco and iOffice + SpaceIQ to merge to form Eptura.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Merger

United States

Private

Single Bidder

Domestic

Acquisition

worktech

business automation

Majority

Private Equity

Friendly

Software

Synopsis

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Thoma Bravo, a private equity firm, JMI Equity-backed Condeco, a provider of workspace scheduling software and iOffice + SpaceIQ, a global workplace and asset management company, agreed to merge to form Eptura, a global worktech company that provides software solutions for people, workplaces and assets to enable everyone to reach their full potential. "We have been lucky enough to be partners to both iOffice + SpaceIQ and Condeco for over a year now, and combining these two great companies creates the clear category leader for the modern workplace. The level of innovation the company can drive for customers will be very exciting, and we are thrilled for Eptura to begin that journey," A.J. Rohde, Thoma Bravo Senior Partner.

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