Chicago-headquartered private equity firm Thoma Bravo LP is acquiring property-management software maker RealPage Inc (NASDAQ: RP), the
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Chicago-headquartered private equity firm Thoma Bravo LP is acquiring property-management software maker RealPage Inc (NASDAQ: RP), the Wall Street Journal reports. RealPage’s leveraged buyout is valued at a purchase consideration of $9.6 billion. What Happened: The private equity firm has agreed to pay $88.75 per share, representing a 31% premium to RealPage’s closing price on Friday. RealPage’s stock tumbled to a 52-week low of $36.91 when the pandemic’s onslaught led to an overall slump in the stock market. Since then, the stock is up 59%.