Thoma Bravo

Finsbury Glover Hering is advising Thoma Bravo as the private equity firm inks a $6.6B deal to acquire e-commerce shipping company.

The $330 per share cash offer represents a 67 percent premium over July 8 closing price. CEO Ken McBride said the operational and financial support of Thoma Bravo, which has $78B in assets under management, will enable his company to continue to innovate and pursue growth opportunities in the rapidly expanding e-commerce shipping market.

The El Segundo, CA-based company reported a 25 percent jump in Q1 revenues to $189.1M on a 108 percent surge in net income to $16.5M.

Thoma Bravo's acquisition agreement includes a 40-day “go-shop” period in which can seek a better deal for the company.

Finsbury Glover Hering’s Joe Berg represents Thoma Bravo.