Thoma Bravo Acquires Ellie Mae for $3.7B
February 10, 2019
Thoma Bravo, a leading private equity firm, acquired Ellie Mae, the Pleasanton-based cloud platform provider for the mortgage finance industry, in an all-cash transaction valued at approximately $3.7 billion. Ellie Mae shareholders received $99.00 per share; the deal, announced Feb. 12, 2019, was approved by stockholders and closed on April 17, 2019, making Ellie Mae a privately held company focused on accelerating innovation in its Encompass digital lending platform.
- Buyers
- Thoma Bravo
- Targets
- Ellie Mae
- Sellers
- Ellie Mae stockholders
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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