Posted by: jillw in:
Thoma Bravo LLC announced an agreement July 19 to sell Flexera Software, a company that provides software licensing services, in a deal that promises to generate a return of close to 5x, according to Orlando Bravo (pictured), a managing partner at the Chicago-based buyout shop, sister magazine Buyouts has reported.
Flexera is the third exit announced or closed by Thoma Bravo this week, an extraordinarily productive turn of events that should help the firm as it prepares to raise its next buyout fund.
“We think the market is reasonably valued, the debt markets are healthy, and corporate buyers are interested in buying,” Bravo said of the market for selling companies.
Posted by: Admin in: Lane News -
New York/Portland, Ore. — June 29, 2011 — LANE PR, an independently owned, national public relations agency, expanded its client roster in the first half of 2011 by signing 10 new accounts. The new LANE PR clients fall into the food and beverage, consumer, and financial sectors and represent several of the agency’s core practice areas.
The agency’s new clients are Burgerville, Cannon Beach Chamber, D.A. Davidson & Co./Davidson Companies, Demitri’s Bloody Mary Seasonings, Evergreen Wings & Waves Waterpark, Music & Arts, Northview Hotel Group, Nyxio Technologies, Tree Top and ZAGG Inc.
Posted by: Admin in:
NEW YORK (CNNMoney) — Earnings and buyouts were the main talkers on StockTwits Wednesday, with tweets focusing on FedEx, Yahoo and ZAGG.
Shares of FedEx (FDX, Fortune 500) jumped nearly 3% after the shipping company reported fourth-quarter earnings and sales that topped forecasts. FedEx also boosted its forecast for the coming year.