Thoma Bravo Agrees to Buy Bottomline for About $2.6 Billion

Thoma Bravo agreed to buy payments firm Bottomline Technologies in an all-cash deal that values the company at about $2.6 billion.

Bottomline shareholders will receive $57 per share, according to a statement Friday, or almost 17% higher than Thursday’s closing price. It’s about 42% above the closing price on Oct. 19, when Portsmouth, New Hampshire-based Bottomline said it had formed a strategy committee.

Bloomberg News reported last week that the company was exploring a sale.

“As the digital transformation of business accelerates, we see tremendous opportunity for Bottomline to continue capitalizing on its unique position, particularly in the large ...