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New Deal


Announced

Completed

Thoma Bravo and Sunstone Partners completed the acquisition of UserTesting for $1.3bn.

Financials

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Transaction Value£1,124m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium94%
One Off Charge-

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Public

Acquisition

Majority

Private Equity

Friendly

Domestic

Software

software development

United States

Completed

Privatisation

Single Bidder

Synopsis

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Thoma Bravo, a software investment firm, and Sunstone Partners, a private equity firm, completed the acquisition of UserTesting, a video-based human insight company, for $1.3bn. “We believe the combination of UserTesting and UserZoom will unlock tremendous value for our customers by further integrating and expanding the suite of research methods, testing types, and measurement options available—all while making the voice of the customer and human insight more accessible across an organization and easily integrated into their processes and workflows,” Andy MacMillan, UserTesting CEO.

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