Thoma Bravo raises €1.8B for inaugural European fund

Thoma Bravo has successfully closed its inaugural European fund, securing approximately €1.8 billion ($1.89 billion) in capital commitments aimed at investing in middle-market software firms across Europe. This milestone follows the firm's establishment of its London office in 2023, which has accelerated its investment activity in the region, including notable transactions such as the €400 million acquisition of Germany's EQS Group. Thoma Bravo's founder, Orlando Bravo, emphasized the immense opportunity to support European technology innovators and help them scale operations. The firm has been active in Europe for 14 years, with over €14 billion invested in 16 deals to date. The growing interest in private equity within Europe is reflected in a significant increase in buyout deals, with Thoma Bravo's activities contributing to this trend. The new fund will bolster Thoma Bravo's efforts to turn promising regional software companies into global leaders.