Thoma Bravo Expands Its Portfolio with Acquisition of USU Product Business

In a strategic move to bolster its presence in the technology sector, Thoma Bravo, a renowned software investment firm, has completed the acquisition of a majority stake in USU Product Business. This transaction marks a significant milestone for both companies, offering promising prospects for growth and innovation within USU’s operations.

Overview of the Acquisition

On December 4, 2024, Thoma Bravo announced the successful conclusion of this acquisition, solidifying its position as a major player in the investment landscape. USU Product is recognized as a leading provider of IT management solutions, including IT Service Management, IT Asset Management, IT Operations Management, and Knowledge Management.

With this acquisition, Thoma Bravo aims to further invest in USU Product to accelerate its growth and enhance product capabilities. USU Product will now function as an independent entity and is supported by a dedicated workforce comprising over 600 employees who will oversee the development, implementation, and maintenance of its comprehensive product portfolio.

The management continuity is a key aspect of this acquisition. Benjamin Strehl remains at the helm as CEO, ensuring that the company's vision and operational strategies continue seamlessly. His commitment to expanding the USU platform and offerings is evident in his statement, where he emphasized the intention to create greater value for customers while facilitating growth.

Investment Strategy and Insights

Irina Hemmers, a partner at Thoma Bravo, expressed enthusiasm over the deal, highlighting that this is their second acquisition in the DACH region this year. The company recognizes the immense potential for digital technology investments in this area and aims to leverage this acquisition to broaden its hold on the regional tech ecosystem.

The funding for this transaction is backed by notable financial institutions including Morgan Stanley Private Credit, Guggenheim Investments, and HSBC Innovation Banking UK. Such financial support showcases the confidence and expectation for robust returns within the evolving technology landscape.

About Thoma Bravo

Thoma Bravo is recognized as one of the world’s largest software-focused investment firms, managing assets exceeding $166 billion as of September 30, 2024. By implementing a blend of private equity, growth equity, and credit strategies, it invests in innovative software and technology enterprises. With a rich history of over 20 years, the firm has successfully engaged with more than 500 companies, amplifying their value and growth potential across diverse tech sectors.

Thoma Bravo operates offices across major cities including Chicago, Dallas, London, Miami, New York, and San Francisco, enabling it to stay attuned to market dynamics and industry trends.

About USU Software AG

USU Software AG stands as a leader in providing software and service solutions focused on IT and customer-service management. Their solutions help organizations worldwide adapt to today's digital demands, striving for cost efficiency, agility, and risk reduction.

For over 45 years, USU has successfully supported global companies in navigating the complexities of modern business using streamlined services and improved collaboration. While USU Product collaborates closely with Thoma Bravo for growth, the USU Digital Consulting branch will remain a wholly owned subsidiary, continuing its operations independently.

In summary, Thoma Bravo's acquisition of USU Product Business not only fortifies its portfolio but also signifies a robust commitment to innovation in the IT management sector. The united strengths of both companies promise a forward-thinking approach to expanding their offerings and serving clients more effectively.