Nearmap agrees for $728.5 mn offer from PE firm Thoma Bravo

Aerial imagery company Nearmap has agreed for an A$1.06 billion ($728.5 million) offer from US private equity firm Thoma Bravo.
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The A$2.10-per-share offer received last month represented a premium of nearly 39 percent to the stock’s closing price on Aug. 12, a day before the offer was disclosed.

Thoma Bravo, whose assets under management total more than $114 billion, has been on a shopping spree for cyber-security firms, with its acquisitions including Sophos, Proofpoint and Sailpoint Technologies.

Earlier this month, Thoma Bravo signed a $2.4 billion deal for software company Ping Identity.

Britain’s Darktrace confirmed last week that it was in the early stages of discussions with Thoma Bravo regarding a possible cash offer.

Nearmap, whose offerings are used in surveillance, conducts aerial surveys that capture wide-scale urban areas in Australia, New Zealand, United States and Canada.