Key Takeaways
- • Thoma Bravo is reviving its effort to sell consumer intelligence provider J.D. Power, according to people familiar with the matter, as private equity appetite for technology deals renews.
- • The software specialist is working with an adviser and preparing to take initial bids for J.D. Power as soon as October 2026.
- • Thoma Bravo is seeking a valuation of about $6.5 billion including debt for the business, which it has owned since 2019.
- • The process signals a rebound in tech dealmaking that could give sponsors with aging software holdings a path to exits.
Summary
Thoma Bravo is reviving an effort to sell J.D. Power, the consumer intelligence provider, according to people familiar with the matter reported by Bloomberg. The private equity firm, a software specialist, is positioning the sale as renewed private equity appetite for technology deals takes hold.
The firm is working with an adviser and preparing to take initial bids for the business as soon as this month, the people said. Thoma Bravo is seeking a valuation of about $6.5 billion including debt. The firm has owned J.D. Power since 2019, meaning the potential transaction would represent a roughly six-year holding period.
The effort comes as dealmaking in technology sectors shows signs of recovery. For allocators tracking sponsor exits, the process offers a read-through on how buyers are pricing mature software and data assets with recurring revenue profiles. Details on the final bidder pool, financing structure, and timing beyond initial bids were not disclosed in the source reporting.
The firm is working with an adviser and preparing to take initial bids for the business as soon as this month, the people said. Thoma Bravo is seeking a valuation of about $6.5 billion including debt. The firm has owned J.D. Power since 2019, meaning the potential transaction would represent a roughly six-year holding period.
The effort comes as dealmaking in technology sectors shows signs of recovery. For allocators tracking sponsor exits, the process offers a read-through on how buyers are pricing mature software and data assets with recurring revenue profiles. Details on the final bidder pool, financing structure, and timing beyond initial bids were not disclosed in the source reporting.
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