Thoma Bravo, a leading software investment firm, today announced the completion of its acquisition of a majority stake in USU Product Business (“USU Product”), a leading provider of IT management solutions.
Thoma Bravo has invested as new majority shareholder in USU Product with plans to further invest in the company to accelerate the business’s growth and product innovation. As a result of this transac-tion, USU Product, including its leading IT Service Management, IT Asset Management, IT Operations Management, and Knowledge Management businesses, will operate as an independent entity with over 600 employees supporting the development, implementation, support, and maintenance of its leading product portfolio.
The existing management team will continue to lead USU Product with Benjamin Strehl serving as CEO. Additionally, Bernhard Oberschmidt, joins the board of directors in the new holding structure of USU Product, further strengthening the leadership team and providing continuity for existing customers.
“With the closing of the transaction, we are now shifting our entire focus to the expansion of our USU platform and offerings to create more value for our customers while accelerating our growth. We look forward to working closely with the Thoma Bravo team on this journey,” said Benjamin Strehl, CEO of USU Product.
“We are excited to announce the closing of our second transaction in the DACH region this year,” said Irina Hemmers, a Partner at Thoma Bravo. “We see ample opportunity to continue to invest in this regional tech ecosystem and are looking to further grow our portfolio. The closing is an important milestone of our relationship with USU Product, and we are thrilled to work with the company as it further scales and innovates.”
Debt financing for the transaction will be provided by funds advised by Morgan Stanley Private Credit, clients of Guggenheim Investments, and HSBC Innovation Banking UK.