US PE firm set for European expansion with new London deal hub

US PE firm set for European expansion with new London deal hub

US private equity firm Thoma Bravo is set to get more active in European dealmaking, as the group opens its first international office in London.

The buyout group, focused on software investments, has hired Irina Hemmers from Inflexion Private Equity as a partner to lead and grow the London office as well as the firm’s presence across Europe.

She was previously head of technology at Inflexion. Prior to that Hemmers was a partner at Apax Partners.

The new office, joining Thoma Bravo’s existing branches in San Francisco, Chicago and Miami, will serve as a hub for UK and European deals and allow the firm to ‘further access the region’s rich ecosystem’, it said in a statement.

‘Europe is a critical market for the growth of Thoma Bravo, and the launch of a London office represents a significant step forward in our ability to partner with some of the best software companies in the world as we continue to extend our investment strategy globally,’ said Orlando Bravo, founder and managing partner.

Thoma Bravo has more than $122bn in assets under management. Over the past 20 years, it has invested in more than 389 companies worth over $190bn in enterprise value.

It has previously acquired UK cybersecurity vendor Sophos for £3.1bn and has recently been involved in discussions regarding a possible takeover of Darktrace.

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