CompTIA to Be Acquired by H.I.G. Capital and Thoma Bravo
Deal News | Nov 05, 2024 | Ropes & Gray
H.I.G. Capital and Thoma Bravo have announced a definitive agreement to acquire the renowned Computing Technology Industry Association (CompTIA), a leader in information technology certification and training. Ropes & Gray, a prominent law firm, represented the private equity firms in this transaction. The terms of the deal were not disclosed. H.I.G. Capital manages $65 billion in assets, while Thoma Bravo oversees $160 billion, marking them as significant players in the alternative investment and software sectors, respectively. The legal team from Ropes & Gray comprised various partners and associates specializing in sectors critical to the transaction, including private equity, finance, taxation, intellectual property, and data privacy.
Sectors
- Private Equity
- Information Technology
- Legal Services
Geography
- United States – The involved parties, including H.I.G. Capital, Thoma Bravo, and Ropes & Gray, are primarily based in the United States.
Industry
- Private Equity – The acquisition involves private equity firms H.I.G. Capital and Thoma Bravo who are key players in the investment sector.
- Information Technology – CompTIA, the target of the acquisition, is a leading organization in the IT certification and training industry.
- Legal Services – Ropes & Gray, a law firm, facilitated the transaction, indicating the relevance of legal services in M&A activities.
Financials
- Not Disclosed – Financial terms of the CompTIA acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CompTIA | Target | Company | A world-leading information technology certification and training business. |
| H.I.G. Capital | Bidding Company | Company | A global alternative investment firm with $65 billion of capital under management. |
| Thoma Bravo | Bidding Company | Company | One of the largest software-focused investors globally, managing approximately $160 billion in assets. |
| Ropes & Gray | Legal Advisor | Company | Provided legal advisory services for the acquisition deal. |
| Carl Marcellino | Private Equity Partner | Person | A partner at Ropes & Gray specializing in private equity transactions. |
| Nichole Lopez-Tackett | Finance Partner | Person | A finance partner at Ropes & Gray. |
| Stefanie Birkmann | Finance Partner | Person | A finance partner at Ropes & Gray. |
| Matt Jones | Executive Compensation & Employee Benefits Partner | Person | Partner at Ropes & Gray specializing in executive compensation & employee benefits. |
| Stephanie Bruce | Employment Partner | Person | An employment partner at Ropes & Gray. |
| Lisa Kaltenbrunner | Litigation & Enforcement Partner | Person | A partner at Ropes & Gray in litigation & enforcement. |
| Emerson Siegle | Litigation & Enforcement Partner | Person | A partner at Ropes & Gray in litigation & enforcement. |
| Jackie Grise Lester | Litigation & Enforcement Partner | Person | A partner at Ropes & Gray in litigation & enforcement. |
| Jessica Cooney | Private Equity Partner | Person | A private equity partner at Ropes & Gray. |
| Regina Sam Penti | IP Transactions Partner | Person | A partner specializing in IP transactions at Ropes & Gray. |
| Adam Greenwood | Tax Partner | Person | A tax partner at Ropes & Gray. |
| Ed McNicholas | Data, Privacy & Cybersecurity Partner | Person | A partner at Ropes & Gray focusing on data, privacy & cybersecurity. |
| Kim Ton-That | Private Equity Associate | Person | A private equity associate at Ropes & Gray. |