| NEW YORK
NEW YORK Dec 5 Private equity firm Thoma Bravo
LLC is exploring a sale of two of its portfolio companies,
Hyland Software Inc and LANDesk Software Inc, which could
collectively be worth more than $2 billion, according to people
familiar with the matter.
Thoma Bravo is working with Goldman Sachs Group Inc
to explore a sale of Hyland, which could be worth more than $1.2
billion based on annual earnings, before interest, tax,
depreciation and amortization (EBITDA) of around $80 million,
the people said.
Separately, Thoma Bravo is exploring a sale of LANDesk that
also has EBITDA of around $80 million and could fetch up to 10
times that amount, the people said.
The people asked not to be identified because the sale
processes are confidential. Thoma Bravo declined to comment,
while Hyland, LANDesk and Goldman Sachs did not respond to
requests for comment.
Hyland provides enterprise content management software to
corporate clients. Thoma Bravo acquired a 58 percent stake in
the Westlake, Ohio-based company for $265 million in 2007,
according to a press report posted on the buyout firm's website.
LANDesk makes systems to integrate control over corporate
computers and mobile devices, competing with Symantec Corp
, BMC Software Inc and Microsoft Corp. Thoma
Bravo acquired Salt Lake City-based LANDesk from Emerson
Electric Co in 2010 for an undisclosed amount.
Thoma Bravo, a San Francisco-based private equity firm with
more than $4 billion in assets, has seen big profits selling
companies, culminating in the $1.65 billion agreement this week
to sell mobile banking company Digital Insight Inc to NCR Corp
, just four months after it bought it from Intuit Inc
for $1.01 billion.
Last week, Thoma Bravo said it would sell traffic management
company Roadnet Technologies Inc to peer Omnitracs Inc, which
was just acquired by another private equity firm, Vista Equity