The Private Equity Group advised Planview® and Insight Venture Partners in Planview’s definitive agreement to be acquired by Thoma Bravo. Upon closing of the transaction, Thoma Bravo will become the new majority shareholder of Planview while Insight Venture Partners will maintain its original 2014 capital investment in the company. The transaction is subject to customary closing conditions and expected to be completed in the first quarter of 2017. Financial terms were not disclosed.
Headquartered in Austin, Texas, Planview is a global leader in work and resource management. The company provides the industry’s most comprehensive solutions designed for strategic planning, portfolio and resource management, new product development, work collaboration and enterprise architecture. Plainview’s solutions span every class of work, resource and organization to address the varying needs of diverse and distributed teams, departments and enterprises.
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth software, mobile and internet companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $13 billion and invested in more than 250 companies worldwide.
For additional details on the transaction, please read the press release.