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Thoma Bravo to acquire majority stake in Nintex
Posted on Monday, 12 February 2018 15:28
US private equity giant Thoma Bravo is to buy a majority shareholding in Nintex, the UK-headquartered provider of workflow automation software.

The exact size of the investment has not been disclosed at this time.

Completion of the deal remains subject to a number of customary closing conditions and is expected to follow by the end of March 2018.

Current shareholder TA Associates is to retain a stake in the business upon completion, while finance chief Eric Johnson will become chief executive of the firm, with John Burton remaining in place as chairman.

Keith Fujinaga will take over the chief financial officer role.

According to its website, Nintex is the world leader in intelligent process automation.

The firm’s customer base numbers in excess of 7,500, while it also partners with 1,700 firms in 90 countries with regard to the publishing of workflow applications.

According to Zephyr, the M&A database published by Bureau van Dijk, there have been seven deals in which private equity investors have bought a majority stake in a software publisher announced worldwide during 2018 to date.

The most valuable of these saw Warburg Pincus acquiring the lending solutions business of Fiserv for USD 395.00 million. That deal was announced last week and is slated to close by the end of the first quarter of this year.

That transaction was considerably larger than second place by value as Hanover Investors Management (Cayman) signed on the dotted line to pick up Irish point of sale and mail processing software developer Escher Group Holdings for USD 48.00 million.

Other companies in the sector to have been targeted by private equity firms this year include Mardix (Holding), Mersive Technologies and Mez Mobile.

© Zephus Ltd