It wasn’t a surprise as it became common knowledge that Kofax was on the block earlier this year. So to nobody’s surprise, Kofax’s owners, Thoma Bravo, announced that it had sold the company to Clearlake Capital and TA Associates this past week. At the time, the asking price was circa $3B, and something a little north of that seems to have been the final sale price. The valuation seems high for a mature, slow growth product line with approximately $700-800M in annual sales. However, with EBITDA rumored to be well over 30%, the valuation is easier justified. read more here
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