Thoma Bravo to acquire majority interest in Apttus

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Private equity investment firm Thoma Bravo has signed a definitive agreement to acquire a majority interest in Apttus. The transaction is expected to close in early October, subject to usual and customary closing conditions and regulatory approvals.

Apttus provides quote-to-cash, contract lifecycle management and other middle office solutions. The company also has an applied AI offering called Max.

Goldman Sachs served as the lead financial advisor and Cooley served as legal advisor for Apttus. Kirkland and Ellis served as legal advisor to Thoma Bravo and Deutsche Bank Credit Solutions & Direct Lending is providing financing for the transaction.

Financial details of the transaction were not disclosed.

[Image courtesy: Apttus]