Thoma Bravo – Thoma Bravo takes Ellie Mae private, values at $3.7bn

Investment major Thoma Bravo has closed its $3.7bn deal for digital mortgage platform Ellie Mae, as the company aims to ‘automate everything automatable’ for the residential mortgage industry. Ellie Mae provides a cloud-based tech platform that enables lenders to originate more loans, lower origination costs, and reduce processing times. The business’ shareholders are set to receive $99 in cash per share, representing a 47 per cent premium on the Ellie Mae’s 30-day average closing share price.