Thoma Bravo to buy US data analytics provider RealPage
Realpage Inc.
n/a
08:27 03/06/25
Private equity firm Thoma Bravo has agreed to buy US software and data analytics provider RealPage in an all-cash deal that values the company at around $10.2bn.
Under the terms of the agreement, RealPage shareholders will receive $88.75 a share in cash. The price represents a premium of 30.8% to the closing share price on Friday.
The RealPage board of directors has unanimously approved the deal with Thoma Bravo and recommends that all shareholders vote in its favour.
Steve Winn, chairman of the board and chief executive officer of RealPage, said: "We believe this transaction will provide immediate and substantial value to RealPage stockholders, reflecting the tremendous work that our employees have done to build this company.
"I am immensely proud of that work and also pleased that the transaction will provide us the opportunity to work with Thoma Bravo, a firm with tremendous software investment 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 clients and partners."
RealPage shares surged on the news and by 1310 GMT, they were up 31% at $88.88 in pre-market trade.