Thoma Bravo Completes Acquisition of ABC Financial

SAN FRANCISCO, Calif and LITTLE ROCK, Ark., January 2, 2018 — Thoma Bravo, a leading private equity investment firm, today announced that it has completed its acquisition of ABC Financial Services, Inc. (“ABC Financial”), a software and payment processing company servicing more than 6,700 health clubs throughout North America and Europe. Financial details of the transaction were not disclosed.

ABC Financial is the nation’s leading software and billing provider for the health and wellness industry. Its comprehensive software services include payment processing solutions and advanced health club management tools, such as DataTrak, that allow gym owners and managers to track and manage memberships, member and employee schedules, drive member engagement, and automate payment processing functions.

Thoma Bravo’s investment is expected to enable ABC Financial to grow the services it offers to customers by scaling the company’s operations and further developing its industry-leading suite of innovative software products. Leveraging its operational and technological expertise, Thoma Bravo plans to partner with ABC Financial’s management team to expand the company’s global footprint and ability to deliver cutting-edge products to the rapidly growing health and wellness industry.

“As we focus on building our global presence and expanding deeper into the growing health and wellness markets, Thoma Bravo is the perfect strategic partner to help us enter the next stage as a company,” said Paul Schaller, President and Chief Executive Officer of ABC Financial. “Their track-record of working successfully to strengthen and build software companies gives us the expertise and experience we need to serve our expanding customer base across the world.”

“We admire what the ABC Financial team has already achieved, and are looking forward to working with Paul and the company’s executive management to move the company into its next phase of growth,” said Scott Crabill, a Managing Partner at Thoma Bravo. “Already a leader within its market, we’re confident that our partnership will help enhance and expand this already exceptional business.”

Jefferies LLC and Macquarie Capital served as exclusive financial advisors to Thoma Bravo, and Kirkland & Ellis LLP served as its legal advisor. Stephens Inc. served as the exclusive financial advisor to ABC Financial and its legal advisor was Rose Law Firm. Financing for the transaction  provided by Jefferies Finance LLC, Macquarie Capital and Antares Capital LP.

About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $18 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago.  For more information, visit thomabravo.com.