- QAD (NASDAQ:QADA) to be acquired by Thoma Bravo in an all-cash transaction with an equity value of ~$2B.
- As per the agreement, QAD shareholders will receive $87.50 per share of Class A Common Stock or Class B Common Stock in cash.
- QAD CEO comment: "As a private company owned by Thoma Bravo, we will have enhanced flexibility, focus and resources to invest in – and capitalize on – our expanding growth opportunities, and help our customers thrive in an increasingly dynamic manufacturing environment.”
- Following closing of the transaction in 4Q21, Ms. Lopker intends to retain a significant ownership interest in the company and will continue to serve on the QAD Board. Anton Chilton will continue to lead QAD as CEO.