CompTIA Acquired by H.I.G. Capital and Thoma Bravo to Propel IT Education Forward
Deal News | Nov 04, 2024 | Thoma Bravo
In a notable move within the global IT sector, H.I.G. Capital and Thoma Bravo have announced a definitive agreement to acquire the Computing Technology Industry Association (CompTIA), the world's leading IT certification and training organization. This acquisition aims to enhance CompTIA's role in education and training across the evolving IT landscape by leveraging the extensive resources and expertise of these private equity firms. CompTIA will transition from a non-profit to a for-profit entity, continuing its mission to improve the IT workforce through certifications and partnerships, especially in areas like cybersecurity, cloud computing, and networking. The acquisition, set to close in early 2025, will result in CompTIA operating under the ownership of H.I.G. and Thoma Bravo, aiming to capitalize on its strong brand and expansive industry relationships. The deal underscores the growing emphasis on skills-based training in IT and positions CompTIA as a pivotal player in this shift, supported by the strategic vision and investment strength of its new owners.
Sectors
- Information Technology & Services
- Private Equity & Investment Management
- Education & Training
Geography
- United States – The main entities involved, H.I.G. Capital, Thoma Bravo, and CompTIA, are based in the United States, indicating the geographic focus of the article.
Industry
- Information Technology & Services – The acquisition involves CompTIA, a leader in IT certifications, indicating the article's relevance to this industry.
- Private Equity & Investment Management – H.I.G. Capital and Thoma Bravo, both private equity firms, are involved in the acquisition, underscoring the relevance of this industry.
- Education & Training – CompTIA focuses on IT education and certification, making the article relevant to the education and training sector.
Financials
- Not disclosed – The financial terms of the acquisition of CompTIA by H.I.G. Capital and Thoma Bravo have not been publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CompTIA | Target Company | Company | The world's leading IT certification and training body, acquired by H.I.G. Capital and Thoma Bravo. |
| H.I.G. Capital | Buyer | Company | A global alternative investment firm with expertise in the technology sector, part of the acquisition of CompTIA. |
| Thoma Bravo | Buyer | Company | One of the largest software-focused investors globally, partnering with H.I.G. Capital for the acquisition. |
| Macquarie Capital | Advisor | Company | Serving as an advisor to H.I.G. Capital and Thoma Bravo. |
| Ropes & Gray LLP | Legal Advisor | Company | Providing legal advisory services to the buyers in the acquisition. |
| Polsinelli LLP | Legal Advisor | Company | Another legal advisor involved in the transaction for H.I.G. Capital and Thoma Bravo. |
| J.P. Morgan Securities LLC | Financial Advisor | Company | Serving as the exclusive financial advisor to CompTIA for the acquisition. |
| Husch Blackwell LLP | Legal Advisor | Company | Serving as legal advisor to CompTIA. |