Compuware Corporation, a technology provider for Application Performance management, has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity firm, in a transaction valued at approximately US$2.5 billion.
"With the investment, the company will be able to establish itself as a market leader to leverage strategic products and other growth plans that will take Compuware to a new level", says Orlando Bravo, partner at Thoma Bravo.
Under the terms of the deal, pending approval, shareholders will receive an aggregate value of approximately $10.92 per share, 17% appreciation over what was traded on August 29, 2014. Thoma Bravo will pay a cash amount of $10.43 per share of Compuware common stock, calculated before excluding the pro-rata corporate fee that will be due in connection with the Covisint spin-off, estimated at 18 cents per share based on Covisint's market value, then arriving at a value net worth of approximately $10.25 per share.
"With the investment, the company will be able to establish itself as a market leader to leverage strategic products and other growth plans that will take Compuware to a new level", says Orlando Bravo, partner at Thoma Bravo.
Under the terms of the deal, pending approval, shareholders will receive an aggregate value of approximately $10.92 per share, 17% appreciation over what was traded on August 29, 2014. Thoma Bravo will pay a cash amount of $10.43 per share of Compuware common stock, calculated before excluding the pro-rata corporate fee that will be due in connection with the Covisint spin-off, estimated at 18 cents per share based on Covisint's market value, then arriving at a value net worth of approximately $10.25 per share.
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