trending Market Intelligence /marketintelligence/en/news-insights/trending/7l8qzdllokf10gkhghxfcq2 content esgSubNav
In This List

Thoma Bravo to acquire energy software provider

Podcast

Street Talk | Episode 116: Early remediation, not Basel III endgame, the answer to avoid repeat of spring 2023 bank failures

Blog

Gauging the Impact of Rate Changes, Growth, and Foreign Fluctuations on the US Economy

Blog

The Rising Importance of Sustainability in Credit Risk

Podcast

Next in Tech | Episode 134: Observability and new operational models


Thoma Bravo to acquire energy software provider

Thoma Bravo LLC, which focuses on the software and technology-enabled services industries, agreed to buy Quorum Software from Silver Lake Partners.

The deal is expected to close in the third quarter. Quorum Software provides finance, operations and accounting software to the energy industry, according to an Aug. 13 release.

Credit Suisse is the financial adviser to Quorum Software, with Hogan Lovells serving as its legal adviser. Macquarie Capital is financial adviser to Thoma Bravo and Kirkland & Ellis LLP is its legal adviser. Credit Suisse and Macquarie Capital are providing financing for the transaction.

Separately, Thoma Bravo agreed to sell New York City-based TravelClick to Spanish travel technology solutions provider Amadeus for US$1.52 billion in a debt-funded deal slated to close in the fourth quarter, pending regulatory approvals.

About 1,100 TravelClick employees are anticipated to join Amadeus as part of the acquisition. TravelClick provides cloud-based solutions for hotels in 176 countries, according to an Aug. 10 release.