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Investment Firm Thoma Bravo To Acquire Deltek For $1.1 Billion

Defense Daily Staff Defense Daily Staff
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Deltek [PROJ] yesterday said that the private equity firm Thoma Bravo, LLC, has agreed to acquire it for $1.1 billion in cash in a deal that will take the enterprise software and information technology services firm private. Deltek’s board of directors and its majority shareholder, New Mountain Capital, have approved the sale. Thoma Bravo is paying $13 per share for Deltek, representing a 7 percent discount to the closing price of the company’s stock last Friday and a 24 percent…

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