Thoma Bravo raises €1.8B for its first European fund

Thoma Bravo's first European fund raises €1.8B for mid-sized software companies.

: Thoma Bravo, a private equity firm, launched its first European fund raising €1.8B. They aim to invest in mid-sized software firms across Europe. Established in 2023, their London office marks a significant regional presence. The firm has already invested around €14B in European software through 16 deals since 2011.

Thoma Bravo has successfully closed its initial European fund, securing €1.8 billion, with plans to acquire equity stakes in mid-sized software companies throughout Europe. This marks a significant step for the firm, which launched its first European office in London in 2023, although its involvement in European markets dates back to 2011 when it purchased French company InfoVista.

The private equity landscape is shifting, as notable North American firms like Andreessen Horowitz and Coatue retrench from the European market. This retreat leaves an opening for Thoma Bravo to capitalize, with a history of investing around €14 billion in Europe over 16 deals, including the prominent take-private acquisition of Darktrace for $5.3 billion.

Partner and European lead Irina Hemmers emphasized the opportunity for growth, citing Europe's rapid digital transformation. As software companies seek investment to fuel growth, Thoma Bravo's role is poised to expand, with their European fund facilitating deeper involvement in the region's digital economy.

Thoma BravoPrivate EquitySoftware Companies