Thoma Bravo’s Investment in Applitools

Kirkland & Ellis advised Thoma Bravo on the deal.

Thoma Bravo executed its strategic growth investment in Applitools, the leading provider of visual test automation software. Co-founders Gil Sever, Adam Carmi, and Moshe Milman will retain a significant ownership position in the company. The investment can allow Applitools to leverage Thoma Bravo’s operating capabilities and deep experience in the software sector to accelerate its growth trajectory and further scale its innovative, market-leading platform. Financial details of the transaction were not disclosed.

Thoma Bravo is a leading private equity investment firm focused on the software and technology-enabled services sector.

The Kirkland team advising Thoma Bravo was led by corporate partners Ted Peto (Picture) and Ryan Jackson and associates Thomas Guzman and George Boden.

Involved fees earner: George Boden – Kirkland & Ellis; Thomas Guzman – Kirkland & Ellis; Ryan Jackson – Kirkland & Ellis; Theodore Peto – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Thoma Bravo;

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Author: Martina Bellini