< BACK TO SCREENER

SailPoint Technologies (Thoma Bravo LBO)

active

Software / Cybersecurity — Thoma Bravo

Deal Terms

Entry Year2022
Entry EV$6.9B
Entry Multiple12x
Leverage5.5x
Debt Amount$3.8B

Risk Metrics

LTV (est.)55%
Debt / EV0.55x

Notes

$6.9B take-private (2022). Identity governance SaaS. Re-IPO'd 2024 at reduced valuation. Part of Thoma Bravo's identity security empire (ForgeRock, Ping Identity). Identity security is critical infrastructure but PE ownership prioritizes margin extraction over R&D. AI-driven identity management emerging.

Sponsor

Thoma Bravo$166B AUM