Clearlake Capital Group LP and TA Associates have acquired Kofax, a provider of intelligent automation software designed to facilitate digital workflow transformations, from software investment firm Thoma Bravo.
Kofax supports over 25,000 customers and supplies process automation services across a spectrum of industries. The firm’s services assist its clients in digitally transforming information-intensive business processes, reducing manual labor, errors, and costs, and improving customer engagement.
“Clearlake and TA offer industry knowledge and experience scaling enterprise software companies like ours,” said Reynolds Bish, CEO of Kofax. “These resources will be critical as we strive to further grow the Company and bring added value to our customer base, with a focus on developing and expanding our product portfolio. We are proud of what we have achieved with Thoma Bravo’s support and are thrilled to enter the next phase of our journey in partnership with Clearlake, TA and our incredible Kofax team.”
J.P. Morgan, Jefferies LLC, Arma Partners, and Credit Suisse served as financial advisors to TA and Clearlake, and Lazard served as financial advisor to Thoma Bravo. J.P. Morgan will also lead a new syndicated financing in support of the acquisition, with Credit Suisse, UBS, Jefferies LLC, Blackstone, PSP Partners, Security Benefit, and Brinley to act as joint arrangers on the financing. Kirkland & Ellis and Sidley Austin provided legal counsel to TA and Clearlake. Kirkland & Ellis also provided legal counsel to Thoma Bravo.