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Thoma Bravo Completes Acquisition of Nearmap Ltd

Thoma Bravo, a leading software i********* firm, and Nearmap Ltd (Nearmap), a leading location intelligence and aerial imagery company listed on the Australian Securities Exchange (ASX), today announced the completion of Thoma Bravo’s acquisition of Nearmap in an all-c*** scheme of arrangement valued at approximately AUD $1.055 b******.

Nearmap, founded in Perth, Australia in 2007, is one of the world’s largest aerial survey companies, providing tens of thousands of users with access to high resolution aerial imagery, city-scale 3D content, AI data sets and geospatial tools. The images and data captured via Nearmap’s patented camera systems allow customers across the globe to make more informed decisions, streamline operations and improve financial performance.

Thoma Bravo’s acquisition was first announced on August 15, 2022 and was carried out through an all-c*** scheme of arrangement that was implemented on December 15, 2022. Nearmap’s shares will be delisted from the ASX on December 16, 2022.

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“The partnership with Thoma Bravo underscores the long-term value of our business and represents a unique opportunity to drive further growth across global markets and solidify Nearmap’s industry-leading position,” said Rob Newman, CEO of Nearmap. “We are confident that transitioning to a private company with Thoma Bravo’s sector expertise, operating capabilities and capital support will position Nearmap to deliver even more value to our customers and partners around the world. I look forward to partnering with the Thoma Bravo team to achieve our shared ambitions for Nearmap’s future.”

“Nearmap is at the forefront of innovation in aerial imagery, data and analytics, and the company is well-positioned to capitalize on the growing global demand for its services,” said A.J. Rohde, a Senior Partner at Thoma Bravo. “There is a large unmet need for cloud-based geospatial information technology and comprehensive insights, particularly in North America, representing one of many growth opportunities for Nearmap. We are excited to partner with Rob and his talented team to build on Nearmap’s momentum and further expand its global footprint.”

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