Private equity firm Thoma Bravo LLC has completed its $1.1 billion acquisition of Deltek Inc.
Deltek, which provides software and consulting services to professional service firms and government contractors, will no longer be traded on the Nasdaq exchange. The company will remain headquartered in Hemdon, Va.
Deltek’s stockholders will receive $13 in cash for each share.
The target was owned by New Mountain Capital, a New York private equity firm.
The deal is Chicago and San Francisco-based Thoma Bravo’s 24th software investment. The deal was announced Aug. 27.