Fresh insights
Dispatches from Orlando (Bravo)
Thoma Bravo’s founder, Orlando Bravo, shared insights at NEXUS 2025, highlighting the firm’s $20 billion in distributions and 11 successful company sales in 2024, despite a liquidity crisis in the industry. He emphasized the importance of a selling culture, enabling the team to accept lower valuations to secure long-term gains. Last year, Thoma Bravo realized $25 billion, enhancing its appeal to limited partners focused on distribution metrics. Meanwhile, LPs are adapting to ongoing uncertainty, recognizing opportunities for exceptional deals during turbulent times. Additionally, Dawson Partners is expanding into New York, while US politicians express concerns over MBK Partners’ takeover of Korea Zinc.