Thoma Bravo Lines Up $2.7 Billion of Bank Debt for Verint Buyout
Thoma Bravo, a private equity firm, is preparing to acquire Verint Systems Inc., a customer-service automation business, in a deal supported by a $2.7 billion debt financing led by Banco Santander SA. The acquisition, which is yet to be finalized, will see Thoma Bravo take control of Verint, a publicly traded company that provides software and services to help organizations automate and improve customer interactions. The debt financing, which is being arranged by Banco Santander, will play a crucial role in funding the transaction. The details of the financing, including the terms and the involvement of other lenders, are still being finalized. This move by Thoma Bravo is part of the firm's strategy to invest in and transform technology-focused companies. The acquisition of Verint is expected to expand Thoma Bravo's portfolio and strengthen its position in the customer-service automation market.
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