Qlik Secures Minority Investment from ADIA, Maintains Thoma Bravo as Majority Owner
Deal News | May 08, 2025 | Thoma Bravo
Qlik, a leading global player in data integration and analytics, has closed a significant minority investment round led by Abu Dhabi Investment Authority (ADIA), while Thoma Bravo retains majority ownership with an additional equity investment. This strategic funding aims to propel Qlik’s growth and enhance its platform's capabilities in enterprise AI. The infusion of capital and expertise from both ADIA, a globally diversified investment institution, and Thoma Bravo, a software-focused investing powerhouse, is anticipated to strengthen Qlik's market position. Together, they reinforce their commitment to Qlik’s vision of transforming raw data into actionable insights for businesses worldwide. Thoma Bravo, underlining its confidence in Qlik’s potential, highlights the company’s successful trajectory following its privatization in 2016 and its continuous push towards innovative AI solutions and conversational analytics. Legal and financial advisory participation in the transaction included Kirkland & Ellis LLP, Gibson, Dunn & Crutcher LLP, and Evercore. Thoma Bravo remains a critical driver of Qlik's strategic and operational maneuvers, leveraging its extensive industry expertise to expand Qlik's impact across global markets.
Sectors
- Software and Technology
- Private Equity
- Investment Management
Geography
- United States – Thoma Bravo, based in the United States, represents a key participant in the investment transaction.
- United Arab Emirates – The Abu Dhabi Investment Authority (ADIA) is based in the UAE and is a primary investor in this transaction.
Industry
- Software and Technology – The article discusses investments in Qlik, a company operating in the software and technology sector, specializing in data integration and analytics solutions.
- Private Equity – Thoma Bravo, a major private equity firm, plays a significant role in the transaction as the majority stakeholder and investor in Qlik.
- Investment Management – The Abu Dhabi Investment Authority (ADIA), a globally diversified investment institution, is involved in the investment, highlighting this sector's role.
Financials
- Significant minority investment – The article discusses a previously disclosed significant minority investment in Qlik led by ADIA.
- US$179 billion – Assets under management by Thoma Bravo as of December 31, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Qlik | Target company | Company | Qlik is a global leader in data integration, analytics, and AI technologies. |
| Thoma Bravo | Majority owner and investor | Company | Thoma Bravo is a leading private equity investment firm focusing on software and technology. |
| Abu Dhabi Investment Authority (ADIA) | Minority investor | Company | ADIA is a globally diversified investment institution based in the UAE, investing in long-term value creation. |
| Guggenheim Securities LLC | Financial advisor | Company | Served as the financial advisor to Thoma Bravo and Qlik for the investment. |
| Kirkland & Ellis LLP | Legal advisor | Company | Provided legal advisory services to Thoma Bravo and Qlik. |
| Evercore | Financial advisor | Company | Served as the financial advisor to ADIA for this transaction. |
| Gibson, Dunn & Crutcher LLP | Legal advisor | Company | Served as the legal advisor to ADIA. |