Thoma Bravo acquires RealPage for $ 10.2 billion

2020 has been a year of major economic movements the investment company Thoma Bravo, founded by the Puerto Rican Orlando Bravo. After the sale of the Ellie Mae company – the most established mortgage loan platform in the United States – for $ 11,000 million. this week they made the purchase of RealPage, the leading property management and market analysis software company in the real estate industry, for $ 10.2 billion.

The sale, including the company’s net debt, will effectively pay shareholders $ 88.75 per share. The purchase to date is the largest in the history of Thoma Bravo, a company specializing in the purchase and sale of software technology companies. Currently, the company has $ 73,000 million in assets.

It has been reported that RealPage, based in Richardson, Texas, will continue to operate under the direction of President and CEO Steve Winn upon completion of the transaction.

“The industry-leading RealPage platform is critical to the real estate ecosystem and has tremendous potential for the future,” said Orlando Bravo, founder and managing partner of Thoma Bravo. “Our company has a history of acquiring leading software vendors for specialty industries and driving their innovation and growth while remaining true to its core businesses and customers. Together, RealPage and Thoma Bravo can work together to expand the company’s market offering and strengthen its current capabilities to take advantage of the increasingly complex and growing real estate market, ”explains Bravo.

The RealPage technology platform is known for allowing property owners and managers to change the way people experience and use rental space. Clients use the platform to gain transparency in asset performance, leverage data insights, and earn space to generate incremental returns. It currently serves more than 19 million units worldwide from offices in North America, Europe and Asia.

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