Monday, September 24, 2018

Thoma Bravo, Silver Lake Aim At SolarWinds IPO

Two, Bay Area private equity investors--Thoma Bravo and Silver Lake--are hoping to put one of their portfolio companies back on the public markets. Austin, Texas-based SolarWinds, a provider of IT management software, has filed for an IPO, saying in a filing on Friday that it is looking to raise up to $500M in its public offering. Thoma Bravo and Silver Lake took SolarWinds private back in 2015. SolarWinds says it has applied to list on the New York Stock Exchange (NYSE) under the symbol SWI. The company's IPO is being underwritten by Goldman Sachs, J.P. Morgan, Morgan Stanley, Credit Suisse, plus BofA Merrill Lynch, Barclays, Citigroup, Evercore ISI, Jeffries, Macquarie Capital, Nomura, and RBC Capital Markets.