Thoma Bravo takes critical event management software company Everbridge private in $1.5B deal

Thoma Bravo will take Everbridge private in a $1.8 billion all-cash acquisition, paying $35.00 per share—an 83% premium to the company’s February 2 market cap and a 62% premium to its three-month VWAP—after a go-shop process increased the price; the deal underscores confidence in Everbridge’s critical event management and risk intelligence SaaS amid rising geopolitical and climate-related risks, and is expected to close in Q2 2024 pending regulatory and shareholder approvals.