Thoma Bravo Makes a $3.7-Billion Public-to-Private Buyout of Ellie Mae

Data from Pitchbook shows $9.88 billion was invested across 33 deals last week, ten more deals than the week prior but for $3.68 billion less value. The largest deal of the week was private equity firm Thoma Bravo’s $3.7-billion public-to-private leveraged buyout of Ellie Mae, a software provider for the residential mortgage industry.

Cox Media Group, an integrated broadcasting, publishing and digital media company, has sold a portfolio of assets to buyout shop Apollo Global Management for $3 billion. The portfolio includes 13 television stations, three newspapers and three radio stations. Cox has been seeking to divest the assets since mid-summer 2018. The two companies will join to form a new media company headquartered in Atlanta.
 
The United States Federal Trade Commission has requested additional documentation regarding a pending $4.2-billion deal between Boston Scientific and BTG. The regulator is focused specifically on BTG’s therapeutic beads business.