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Private Equity

Thoma Bravo To Take Ellie Mae Private In $3.7B Deal

by reuters.com posted 2months ago 44 views
Private equity firm Thoma Bravo LLC is acquiring Ellie Mae Inc for $3.7 billion, the mortgage software company said on Tuesday. : (Reuters) - Private equity firm Thoma Bravo LLC is acquiring Ellie Mae Inc for $3.7 billion, the mortgage software company said on Tuesday. Ellie Mae shareholders will receive $99 in cash for each share they hold, representing a premium of 21 percent to the stock’s Monday closing price. The Pleasanton, California-headquartered company provides a cloud-based platform for the mortgage finance industry and enables lenders to originate loans. Its partners include Equifax Inc, Genworth Mortgage Insurance, Fannie Mae, and Freddie Mac.

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