December 22, 2020
Real estate software and data analytics firm RealPage, Inc. has agreed to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector. The all-cash transaction values RealPage at approximately $10.2 billion, including net debt.
Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock. Upon completion of the transaction, RealPage expects to continue operating under the leadership of chairman and CEO Steve Winn and the existing RealPage leadership team in Richardson, TX.
“We believe this transaction will provide immediate and substantial value to RealPage stockholders, reflecting the tremendous work that our employees have done to build this company,” said Winn.
“RealPage’s industry-leading platform is critical to the real estate ecosystem and has tremendous potential going forward,” said Orlando Bravo, founder and managing partner of Chicago-based Thoma Bravo.
Pictured: RealPage CEO Steve Winn.
For comments, questions or concerns, please contact Paul Bubny