The American investment company Thoma Bravo is negotiating the merger of the subsidiary IT company Auctane Inc. with the logistics company WWEX Group. This is reported in a press release from Thoma Bravo.
Thoma Bravo intends to invest $500 million in the combined company, with a total value of $12 billion. In order to attract financing, Thoma Bravo intends to raise a direct loan of $5 billion with the participation of investors, including Blackstone Inc.
As part of the proposed deal, some WWEX investors, including the owners of Ridgemont Equity Partners and Providence Equity Partners, plan to invest in a new company that will help reduce costs. In 2024, WWEX considered offering Auctane shares, but then abandoned the deal.
Thoma Bravo is an American technology and software investment company. The company provides support to software companies and invests in growing technology startups. It is headquartered in Chicago, Illinois, with offices in San Francisco, Chicago and Miami. Since 2003, the company has completed over 300 software deals worth over $85 billion. Thoma Bravo manages assets worth $181 billion.
Auctane is a technology company in the field of logistics. Auctane operates under the ShipStation, Packlink, ShipEngine, Metapack, ShipWorks, Endicia, and other brands. It is headquartered in Austin, Texas.
WWEX Group is a logistics service provider. The company simplifies the supply chain by connecting shippers with carriers, providing data and analytics under the brands Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics. The headquarters is located in Tempe, Arizona. The annual revenue is $4.4 billion due to the network of franchise and agency centers. The headquarters is located in Salt Lake City (Utah).
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