Thoma Bravo’s Acquisition of ConnectWise

Holland & Knight served as the legal advisor to ConnectWise while Raymond James & Associates, Inc. served as the exclusive investment banking advisor to the Special Committee of the Board of Directors, consisting of Steve Raymund and Stan Levy. Kirkland & Ellis LLP served as Thoma Bravo’s legal advisor. Owl Rock Capital provided financing for the transaction.

Thoma Bravo, LLC, a leading private equity investment firm, executed the acquisition of ConnectWise

Thoma Bravo’s software expertise, extensive track record and deep capital will enable ConnectWise to pursue a strategy focused on organic growth and strategic acquisitions.

After the transaction is completed, ConnectWise founder and CEO Arnie Bellini will transition into an advisory role, and current president and COO, Jason Magee, will become CEO of the company. Terms of the transaction were not disclosed.

The partnership with Thoma Bravo will advance ConnectWise’s long-term vision and roadmap. Partners can expect innovative cybersecurity solutions, advanced education, go to market tools for the as a service world and a connected ecosystem to drive greater productivity and simplicity.

Holland & Knight Partners Bob Grammig (Picture), Jack Levine, Bernard Barton, Michael Mills and John Dierking, and Associates Eric Almon, Matt Lastinger and Cameron Hall advised ConnectWise on the deal.

Involved fees earner: Eric Almon – Holland & Knight; Bernard Barton – Holland & Knight; John Dierking – Holland & Knight; Robert Grammig – Holland & Knight; Cameron Hall – Holland & Knight; Matthew Lastinger – Holland & Knight; Jack Levine – Holland & Knight;

Law Firms: Holland & Knight;

Clients: ConnectWise Inc;

Author: Ambrogio Visconti