Thoma Bravo Inks $395M Buyout Deal For Keynote Systems

Law360, New York (June 24, 2013, 2:41 PM EDT) -- Software and business services private equity firm Thoma Bravo LLC will acquire California-based Keynote Systems Inc., a leading Internet and mobile cloud testing company, for roughly $395 million, Keynote announced Monday.

Thoma Bravo has agreed to pay Keynote stockholders $20 per share, a 48 percent premium to the company's closing price on the Nasdaq Stock Exchange Friday. The New York-based private equity house will fund the acquisition entirely in cash.

"Keynote is the established leader in the Internet and mobile testing and monitoring market and is...
To view the full article, register now.