Thoma Bravo Considers Private Debt for $3.5 Billion Financing

Thoma Bravo has reached out to private credit lenders as it seeks to raise around $3.5 billion in fresh financing for its automated professional services provider ConnectWise according to people familiar with the situation.

The funds will be used to refinance its existing debt and for an acquisition, said the people, who asked not to be identified as the details are private. Direct lenders are being asked to provide leverage of over 7 times the combined company’s earnings, which would include synergies from the acquisition, according to the people. The private equity firm is also in discussions with banks, the ...