Thoma Bravo explores $2B sale of Foundation Software
Private equity firm Thoma Bravo is exploring a sale of Foundation Software that could value the construction software provider at over $2 billion. The company generates more than $200 million in annual revenue and works with William Blair on the process.
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Thoma Bravo is exploring a $2B-plus sale of construction software provider Foundation Software, people familiar with the matter said late Tuesday afternoon. The private equity firm hired investment bankers at William Blair to manage an auction drawing interest from corporate buyers and private equity sponsors. Foundation Software generates over $200M in annual revenue and exceeds $100M in EBITDA.
