Thoma Bravo to buy Coupa Software for $6.15 billion

Private-equity steadfast Thoma Bravo volition bargain Coupa Software for $6.15 cardinal successful cash, the concern bundle shaper said connected Monday.

Thoma Bravo volition wage $81 per stock for Coupa, representing a premium of 30.5% to the stock's closing level connected Friday. The terms tag was 77.2% higher than the closing terms connected Nov. 22, erstwhile investors' involvement successful the institution was archetypal reported.

The all-cash deal, which has an endeavor worth of $8 billion, is the latest successful a bid of tech acquisitions by Thoma Bravo, which has been snapping up nationalist companies with little valuations.

Over the past 2 years, the private-equity steadfast has made a bid of acquisitions successful the cybersecurity space, including Ping Identity, Sophos, Proofpoint and Sailpoint Technologies.