Cadwalader Advises Thoma Bravo Advantage on $1 Billion IPO

December 29, 2020

Cadwalader advised Thoma Bravo Advantage, a special purpose acquisition company (SPAC), on its $1 billion initial public offering. The company's shares began trading on the New York Stock Exchange under the ticker symbol "TBA" on January 15, 2021.

Thoma Bravo is one of the U.S.’s leading private equity firms, with more than 270 transactions to date. The firm focuses on the software and technology-enabled services sectors and has more than $70 billion in assets under management.

A Cadwalader team led by Corporate partners Stephen Fraidin and Greg Patti and including associates Niral Shah and Erica Hogan.