Thoma Bravo Completes Acquisition of QAD | PressReleasePoint
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Latest go-private deal by the software investor.
Private equity firm Thoma Bravo will buy enterprise software maker QAD for about US$2 billion (A$2.65 billion), the latest go-private deal by the software investor.
QAD shareholders will get US$87.50 per share in cash, a premium of about 20 percent to the company s last close.
The company s stock jumped 19.4 percent to US$87.05.
Following the completion of the deal, expected in the fourth quarter of 2021, QAD founder and president Pamela Lopker will retain a significant ownership interest in the company and continue to serve on the board.
Founded in 1979, QAD provides cloud-based planning and resources solutions software to manufacturing companies.