Thoma Bravo to Buy Comms Specialist EQS for €400 Million (2)

Thoma Bravo agreed to buy corporate communications and compliance services firm EQS Group AG for about €400 million ($434 million), marking its first takeover of a listed German company. EQS shares soared.

The tech-focused buyout firm will offer €40 a share, representing a 52.7% premium to EQS’s Wednesday closing price, according to a statement Thursday. Bloomberg News reported Wednesday that the two were in talks and near a deal.

Thoma Bravo has received commitments from EQS investors representing more than 60% of its share capital to support a deal. The firm also will subscribe to a 10% capital increase by ...