Nov 4 Thoma Bravo LLC, one of the private equity industry's largest and most prolific investors in technology companies, is looking to raise around $7 billion for its latest buyout fund, by far its biggest ever, according to people familiar with the matter.
Thoma Bravo's fundraising ambitions underscore private equity's insatiable appetite for mature technology companies, particularly in the enterprise software space. These companies' strong cash flows and their need to restructure their operations make them attractive leveraged buyout targets.
16:36 T-Mobile seen as top target following AT&T-Time Warner deal16
16:36 AT&T, Time Warner poised to lobby lawmakers, regulators on proposed $85-billion merger24
12:23 Lockheed Martin's quarterly profit handily beats estimates28
11:41 Caterpillar earnings: 85 cents per share, vs expected EPS of 76 cents23