Wednesday, January 3, 2018

Thoma Bravo Buys ABC Financial

San Francisco-based private equity investor Thoma Bravo has acquired ABC Financial Services, a provider of software and payment processing services to the health club market. Financial details of the acquisition were not announced. According to Thoma Bravo, ABC Financial service smore than 6,700 health clubs throughout North America. ABC Financial was based in Little Rock, Arkansas. Thoma Bravo was advised by Jefferies LLC and Macquarie Capital, as well as Kirkland & Ellis LLP; ABC Financial was advised by Stephens Inc. and Rose Law Firm. Thoma Bravo said the deal was financed by Jefferies Finance LLC, Macquarie Capital and Antares Capital LP.