Software Investment Firm Thoma Bravo Completes $8 Billion Acquisition of Coupa Software

Coupa Software, a leader in Business Spend Management (BSM), today announced the completion of its acquisition by Thoma Bravo, a leading software investment firm, in an all-cash transaction valued at approximately $8.0 billion. The transaction includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The agreement to be acquired was previously announced on December 12, 2022, and approved by Coupa stockholders at Coupa’s Special Meeting of Stockholders held on February 23, 2023.

With the completion of the transaction, Coupa stockholders are entitled to receive $81.00 per share in cash for each share of Coupa common stock they owned. Coupa’s common stock has ceased trading and will be delisted from Nasdaq.

“This is an important milestone for Coupa, underscoring our market-leading position and the value we’re co-creating with our customer community,” said Rob Bernshteyn, Chairman and CEO at Coupa. “Thoma Bravo shares our vision and brings strategic and operational expertise. This move is an opportunity for us to strengthen our business fundamentals and continue delivering leading-edge innovation on our platform.”

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