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US: Thoma Bravo hoping for $3bn for Deltek sale

 |  July 31, 2016

Private equity firm Thoma Bravo LLC is exploring a sale of Deltek Inc that it hopes will fetch as much as $3 billion, including debt.

Thoma Bravo is working with financial advisers which include investment bank JPMorgan Chase & Co on a sale process for Deltek.

Virginia based Deltek supplies the majority of the top 100 U.S. federal contractors, as well as some of the world’s largest engineering, architectural, accounting and consulting firms with information solutions and enterprise software which is used for administrative tasks such as revenue recognition, expenses, resources tracking and invoicing.

Full Content: Reuters

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