Thoma Bravo, a software investment firm, has made a strategic growth investment in Circle Cardiovascular Imaging Inc., a provider of cardiovascular imaging services.
Circle provides AI-based cardiac imaging and reporting services that include cardiac MRI and CT imaging post-processing software. The firm offers a portfolio of services that allow physicians to deliver quality care. The deal will drive future investment in product innovation, extend market position and growth.
“We’re excited to partner with Thoma Bravo, one of the world’s largest and most experienced software investors, as we embark on the next phase of our growth journey and expand our market-leading position,” said Greg Ogrodnick, CEO and co-founder of Circle CVI. “Thoma Bravo’s operational expertise and partnership-oriented approach will help us drive innovation and bring even more best-in-class solutions to physicians, patients and hospitals all over the world.”
AGC Partners is serving as financial advisor to Circle CVI and Osler, Hoskin & Harcourt LLP is serving as legal counsel. Kirkland & Ellis, LLP and McMillan LLP are serving as legal counsel to Thoma Bravo. Deutsche Bank Credit Solutions and Direct Lending is providing committed financing for the transaction.