Private fairness agency Thoma Bravo has closed its inaugural European fund at €1.8 billion ($1.9 billion), by way of which it plans to take fairness stakes in mid-sized software program corporations throughout the continent.
Europe has no scarcity of homegrown enterprise capital (VC) funds — the likes of Atomico and Cherry Ventures have closed early and growth-stage funds in latest months — however North American funding companies have been slowly retreating from Europe. Storied Silicon Valley VC agency Andreessen Horowitz just lately shuttered its U.Ok. workplace, whereas Omers Ventures and Coatue have additionally closed places of work within the area over the previous 18 months.
This leaves a gap that bargain-seeking personal fairness companies can fill.
Thoma Bravo launched its London workplace in 2023 (its first hub outdoors the U.S.), formalizing a regional presence that began again in 2011 when it acquired French software program agency InfoVista. Since then, the Chicago-headquartered agency says it has invested round €14 billion throughout 16 offers in Europe. It was additionally behind a number of the largest take-private offers of 2024, together with that of U.Ok. cybersecurity firm Darktrace, which Thoma Bravo acquired in a deal valued at $5.3 billion.
“The closing of our first Europe Fund represents a big alternative to deepen our presence within the area,” Thoma Bravo companion and European lead Irina Hemmers stated in a press release. “Europe is digitizing quickly, and main software program corporations are more and more on the lookout for devoted help and funding to speed up their development methods.”
