Auctane Acquired by Thoma Bravo — Technology M&A

Thoma Bravo has completed the acquisition of Auctane, an enterprise software business in the technology sector in the U.S., for $5B. Auctane provides logistics and shipping software used by e-commerce and fulfillment teams to manage carrier services, labels, and order workflows. The acquisition supports Thoma Bravo acquisitions by expanding its enterprise software platform and strengthening technology M&A capabilities in operations-focused software. The merger acquisition is backed by a $5B covenant-lite unitranche financing package, reflecting a private equity acquisition structure. The deal is announced and positioned as a merger acquisition to scale Auctane’s product suite and customer footprint.