Kirkland Reps Thoma Bravo In $1B Buy Of Software Co. Deltek

Law360, New York (August 27, 2012, 12:09 PM EDT) -- Chicago-based private equity firm Thoma Bravo LLC will cough up roughly $1.1 billion for Deltek Inc., a key software provider to government contractors, the Virginia-headquartered target said Monday, two months after reports first swirled that the company was mulling a sale.

The billion-dollar deal clocks in well beyond Thoma Bravo's typical $50 million to $500 million investment range, but the middle market investor said the acquisition of the software provider, with its place in the government contractor market, is an attractive buy that should see sustained...
To view the full article, register now.