Thoma Bravo: Buys Coupa Software for $8 billion in cash
- Thoma Bravo is one of the largest private equity firms in the world, with more than $120 billion in assets
- Coupa is the cloud-based BSM platform that unifies processes across the supply chain, procurement
- This is an all-cash transaction with an enterprise value of $8.0 billion
- Upon completion of the transaction, Coupa will become a privately held company
- The transaction includes a significant minority investment from a wholly-owned subsidiary of the ADIA
- The transaction consideration also represents a premium of approximately 64% to the volume-weighted average closing price of Coupa stock
