Notable M&A Deal: Thoma Bravo Acquires RealPage

Leading private equity firm Thoma Bravo announced the acquisition of RealPage (NASDAQ: RP), a provider of full-service property management software, for approximately $10.2B cash (or $88.75 per share).

RealPage’s SaaS-based platform provides property management, lease management, resident services, and financial analysis for builders and owners in the rental housing industry.

RealPage CEO Steve Winn, who will remain with the company, believes the deal “will enhance our ability to focus on executing our long-term strategy and delivering even better products and services to our clients and partners.”

Brief Transaction Details:

Transaction Value (B)$10.2
Enterprise Value (B)$10.4
TTM Seller Revenue (B)$1.1
TTM Seller EBITDA (M)$160.8
EV/TTM Revenue Multiple9.4x
EV/TTM EBITDA Multiple64.9x
Financial data provided by 451 M&A KnowledgeBase
Seller Business Description:

RealPage (NASDAQ: RP) is a provider of ERP software for the rental industry. HQ: Richardson, TX

Buyer Business Description:

Thoma Bravo is a private equity firm focused on growth initiatives and strategic acquisitions in the software and technologies space. HQ: Chicago, IL

Thoma Bravo Press Release