Thoma Bravo, a software investment firm, has bought Nearmap Ltd., an Australian-based location intelligence and aerial imagery company, in an all-cash transaction valued at around $706 billion.
Nearmap, founded in Perth, Australia in 2007, is an aerial survey company providing users with access to aerial imagery, city-scale 3D content, AI data sets and geospatial tools. The images and data captured with Nearmap’s camera systems aim to allow customers to make more informed decisions, streamline operations and improve their financial performance.
“We are confident that transitioning to a private company with Thoma Bravo’s sector expertise, operating capabilities and capital support will position Nearmap to deliver even more value to our customers and partners around the world,” comments Rob Newman, CEO of Nearmap.
Goodwin Procter LLP and Gilbert + Tobin acted as legal advisors to Thoma Bravo and Goldman Sachs acted as financial advisor to Thoma Bravo. DLA Piper acted as legal advisor to Nearmap and Citigroup Global Markets acted as financial advisor to Nearmap.