Thoma Bravo, Permira Plan Exits as PE Firms Seek to Return Cash

The world’s private equity firms have cash to burn. First, they want to earn.

Buyout houses from Thoma Bravo to Permira are putting portfolio company sales high on the agenda for early 2024, as the industry seeks to return money to investors after a challenging period for exiting holdings.

“There is certainly more talk, more conversations, with the realization that firms need to sell assets,” said Holden Spaht, managing partner at Thoma Bravo. “If you want to get a deal done in the first half, you had better be starting conversations with buyers in February.”

WATCH: Allison McNeely reports on buyout houses putting portfolio company sales high on the agenda for early 2024.

Source: Bloomberg

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