Thoma Bravo majority stake in USU Product at ~€200–300M / ~$220M+ (ann. Oct 2024; closed Dec 2024)
Thoma Bravo acquired a majority stake in USU Product (IT management software carve-out from USU Software AG), announced early October 2024 and completed 4 December 2024. USU Software retained a minority stake of about 25%. Official Thoma Bravo / PR Newswire releases left the exact price undisclosed.
Press / people familiar (Bloomberg) put the new entity’s valuation at about €200–300M (~$220–$330M at then FX); Dealroom’s ACQUISITION valuation field is filled at $220M (≈ lower end of that range). Treat $220M as approximate / reported, aligned to the €200M floor — not an audited purchase-price filing.
USU Product continues under existing management (Benjamin Strehl as CEO), with Thoma Bravo supporting geographic expansion and product development — the firm’s second Germany software deal after EQS Group.
Sources: https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-majority-stake-in-usu-product-business · https://www.prnewswire.com/news-releases/thoma-bravo-completes-acquisition-of-majority-stake-in-usu-product-business-302322002.html · Bloomberg (1 Oct 2024).
