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New Deal


Announced

Completed

Thoma Bravo completed the acquisition of Coupa Software for $8bn.

Financials

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Transaction Value£6,528m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium77%
One Off Charge-

Tags

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Domestic

Acquisition

Privatisation

business software

Public

Friendly

Software

Majority

Private Equity

United States

Single Bidder

Completed

Synopsis

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Thoma Bravo, a private equity firm, completed the acquisition of Coupa Software, a cloud platform for business spend management, with participation from General Atlantic, an American growth equity firm, for $8bn. "This is an important milestone for Coupa, underscoring our market-leading position and the value we're co-creating with our customer community. Thoma Bravo shares our vision and brings strategic and operational expertise. This move is an opportunity for us to strengthen our business fundamentals and continue delivering leading-edge innovation on our platform," Rob Bernshteyn, Coupa Chairman and CEO.

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