Thoma Bravo to acquire Coupa for $8bn –
Summary
The transaction consideration also represents a premium of approximately 64 percent to the volume weighted average closing price of Coupa stock for the 30 trading days ending on 22 November 2022. Holden Spaht, a manging partner at Thoma Bravo, said: “Coupa has created and led the large and growing business spend management category. We’ve followed the company’s success for many years and have been impressed by its consistent track record of delivering high levels of value for its global customer base. “We look forward to partnering with Rob and the rest of the management team to keep investing in the company’s product strategy while driving growth both organically and through M&A.” Rob Bernshteyn, chairman and CEO at Coupa, said: “For more than a decade, we’ve been building an incredible BSM Community and have proudly cemented our position as the market-leading platform in our category. We’re looking forward to partnering with Thoma Bravo and accelerating our vision to digitally transform the office of the CFO.
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