Rob Bernshteyn, CEO, Coupa . Software
Scott Mlyn | CNBC
Private equity firm Thoma Bravo will buy Coupa Software for $6.15 billion in cash, the business software maker said Monday.
Thoma Bravo will pay $81 per share for Coupa, which represents a 30.5% premium over the stock’s close on Friday. This price is 77.2% higher than the closing price on November 22, when investors’ interest in the company was first reported.
The all-cash deal, which has an enterprise value of $8 billion, is the latest in a series of technology acquisitions by Thoma Bravo, which has attracted public companies at valuations. lower price.
Over the past two years, the private equity firm has made a series of acquisitions in the cybersecurity space, including Ping Identity, Sophos, Proofpoint and Sailpoint Technologies.
