Law360, New York (February 28, 2012, 1:44 PM ET) -- Fresh off its $1.3 billion take-private deal for a Web security company, private equity firm Thoma Bravo LLC has closed its newest fund at $1.25 billion, topping early targets, the firm announced Tuesday.
Like its previous nine funds, the firm's Fund X will continue its "buy-and-build" strategy of targeting mid-level software and business services companies and expanding them through acquisitions. Since 1980, the firm has grown out 20 software companies, whose annual earnings total about $1 billion.
The Chicago-based firm had aimed for $900 million for...
Kirkland Helps Thoma Bravo Close $1.25B Fund
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