Golub Capital provided financing to support private equity investment firm Thoma Bravo’s acquisition of a majority interest in Centrify from its venture capital investors, led by Mayfield, Accel Partners, Jackson Square Ventures and Index Ventures.
The transaction is expected to close in Q3/18, subject to usual and customary conditions and regulatory approvals. Financial details of the transaction were not disclosed.
Founded in 2004 and headquartered in Santa Clara, CA, Centrify provides cybersecurity, identity management and Identity-As-A-Service (IDaaS) reports to over five thousand customers spanning the public and private sectors, including blue-chip Global 2000s, across diverse industries including defense, banking, energy, retail, manufacturing and health care.
“Having invested successfully several times in the identity market, we’ve known and watched Centrify as a leader for many years, and we absolutely share the company’s vision on where the market is headed,” said A.J. Rohde, a partner at Thoma Bravo. “We are unbelievably excited to partner with Tom Kemp and his world-class team to continue to disrupt and expand the identity market organically and through M&A, all while partnering with the team to help institute our best-in-class processes.”
Kirkland & Ellis served as Thoma Bravo’s legal advisor. Sidley Austin acted as Centrify’s legal advisor, and Barclays was its financial advisor.