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Thoma Bravo Invests in Exostar to Boost Secure Business Collaboration
Wednesday 03 June 2020

San Francisco-based private equity investment firm Thoma Bravo has agreed to acquire US-based Exostar, LLC, a business collaboration provider for the aerospace and defense, life sciences and healthcare industries, to accelerate business growth, the company said.

The transaction is subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.

Thoma Bravo's strategic investment is expected to help Exostar broaden its existing customer base.

Thoma Bravo plans to leverage its expertise in enterprise software solutions for complex industries to partner with Exostar's existing management to further develop and expand the company's current capabilities, particularly in cybersecurity, to position the company for further growth.

Kirkland and Ellis is serving as legal advisor to Thoma Bravo. AGC Partners is serving as financial advisor and Latham and Watkins is serving as legal advisor to Exostar.

Thoma Bravo is focussed on the software and technology-enabled services sectors.

Exostar's cloud-based platforms create exclusive communities within highly-regulated industries where organisations securely collaborate, share information, and operate compliantly.
Date Published: 03/06/2020