Daily News: April 18, 2019

Jefferies Supports Thoma Bravo Acquisition of Ellie Mae


Ellie Mae, a cloud-based platform provider for the mortgage finance industry, has been acquired by private equity investment firm Thoma Bravo in an all-cash transaction that values Ellie Mae at an aggregate equity value of approximately $3.7 billion. Jefferies provided financing to support the transaction.

“The closing of this transaction represents the beginning of the next chapter in our digital mortgage journey as we work toward our North Star of automating everything automatable for the residential mortgage industry,” said Jonathan Corr, president and CEO of Ellie Mae. “Thoma Bravo brings deep expertise and together we are committed to supporting our lenders’ success, fostering innovation and growth of the Encompass Digital Lending Platform and accelerating our value for our ecosystem of customers, partners and employees.”

“Thoma Bravo has long been impressed with Ellie Mae’s unique position as the leader in mortgage technology solutions. The company’s exceptional products and deep commitment to automate the mortgage process allows it to maintain its prominent position in an industry undergoing an extensive digital transformation,” said Holden Spaht, a managing partner at Thoma Bravo.

J.P. Morgan Securities served as the exclusive financial advisor to Ellie Mae, and Cooley served as the legal advisor to Ellie Mae. Jefferies served as financial advisor to Thoma Bravo, and Kirkland & Ellis served as legal advisor to Thoma Bravo.