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PE firm Thoma Bravo to buy majority stake in LogRhythm

Private equity investment firm Thoma Bravo LLC signed an agreement to acquire a majority stake in LogRhythm Inc., a security intelligence and analytics company.

The transaction, financial terms of which were not disclosed, is expected to complete in the third quarter, subject to regulatory approvals. The investment will help support LogRhythm's future operational and product development plans, according to the May 31 news release.

Kirkland & Ellis is serving as Thoma Bravo's legal adviser on the transaction. Morgan Stanley and Cooley LLP are serving as LogRhythm's exclusive financial adviser and legal adviser, respectively.