USU Product: Thoma Bravo Acquires Majority Stake
Deal News | Dec 04, 2024 | Thoma Bravo
Thoma Bravo, a renowned software-focused investment firm, has successfully acquired a majority stake in the USU Product Business, a leading provider of IT management solutions based in Germany and the UK. This acquisition marks a strategic effort by Thoma Bravo to further invest in and accelerate the growth and product innovation of USU Product. With this transaction, USU Product - which specializes in IT Service Management, IT Asset Management, IT Operations Management, and Knowledge Management - will operate as an autonomous entity. The company's current management will continue to lead with Benjamin Strehl as the CEO, bolstered by Bernhard Oberschmidt joining the board to strengthen its leadership. Thoma Bravo sees this acquisition as part of a broader strategy to expand its influence in the DACH technology ecosystem. The firm, with over $166 billion in assets under management, aims to work closely with USU Product to scale its offerings and ensure customer value and growth. Debt financing for this transaction is facilitated by Morgan Stanley Private Credit, Guggenheim Investments, and HSBC Innovation Banking UK.
Sectors
- Private Equity
- Software and Technology
- Financial Services
Geography
- United States – Thoma Bravo is based in the United States with multiple offices, including locations relevant to the deal.
- Germany – USU Product Business operates in Germany, making it a primary location for the transaction.
- United Kingdom – The transaction involves operations in the UK, highlighting its geographical relevance.
Industry
- Private Equity – Thoma Bravo is a private equity firm specializing in software and technology investments, exemplified by this transaction.
- Software and Technology – USU Product Business provides IT management solutions, making this industry classification relevant to the acquisition.
- Financial Services – The transaction involved debt financing from financial institutions like Morgan Stanley and HSBC.
Financials
- Not disclosed – The acquisition price or financial terms are not detailed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thoma Bravo | Acquirer | Company | A leading software investment firm with global reach and a focus on growth-oriented companies. |
| USU Product Business | Target Company | Company | A provider of IT management solutions operating independently post-acquisition. |
| Benjamin Strehl | CEO of USU Product Business | Person | Leading USU Product as an independent entity in the aftermath of the acquisition. |
| Bernhard Oberschmidt | Board Member | Person | Newly joining the board to enhance leadership stability and continuity. |
| Morgan Stanley Private Credit | Debt Financier | Company | Provided debt financing for the transaction. |
| Guggenheim Investments | Debt Financier | Company | Involved in the transaction's debt financing. |
| HSBC Innovation Banking UK | Debt Financier | Company | Part of the consortium providing debt financing for the acquisition. |