Thoma Bravo buys RealPage for $ 10.2 billion

2020 was a year of great economic moves for investment firm Thoma Bravo, founded by Puerto Rican Orlando Bravo. After selling Ellie Mae – the most established mortgage launch platform in the United States – for $ 11,000 million. this week they announced the purchase of RealPage, the leading real estate management and market analysis software company in the real estate industry, for $ 10.2 billion.

The sale, which included the company’s net debt, will pay shareholders $ 88.75 actually per share. The acquisition is so far the largest in the history of Thoma Bravo, a company specializing in the purchase and sale of technology companies in the field of software. The company currently has $ 73 billion in assets.

It is reported that at the end of the transaction, Richardson, Texas-based RealPage will continue to operate under the leadership of President and CEO Steve Winn.

“The industry-leading RealPage platform is critical to the real estate ecosystem and has enormous potential for the future,” said Orlando Bravo, founder and managing partner of Thoma Bravo. “Our company has a history of acquiring state-of-the-art software vendors for specialty industries and driving innovation and growth, while remaining loyal to its business and customers. Together, RealPage and Thoma Bravo can join forces to increase the company’s market offerings and to increase their current capacities to capitalize on the increasingly complex and expanding real estate market “, explained Bravo.

RealPage technology platform is renowned for allowing property owners and managers to change the way people experience and use rental space. Customers use the platform to gain transparency in asset performance, to capitalize on statistical data and to generate money from space to create incremental returns. It currently serves over 19 million units worldwide from offices in North America, Europe and Asia.

“We believe that this transaction will provide immediate and substantial value to RealPage shareholders, reflecting the immense work done by our employees to build this company. I am extremely proud of this work and I am also satisfied that the transaction gives us the opportunity to work with Thoma Bravo, a company with a huge investment in software and operational capabilities. This will increase our ability to focus on executing our long-term strategy and delivering even better products and services to our customers and partners, ”said Winn.