Capital Allocators – Inside the Institutional Investment Industry Thoma Bravo's Behind the Deal Podcast (Capital Allocators, EP.308)
Apr 13, 2023
Dive into the complexities of deal-making with Thoma Bravo’s partnership in SailPoint, leading to their first IPO. Discover the crucial role of trust in business relationships and the importance of identity management in cybersecurity through intriguing case studies. Explore the changing landscape of growth equity and private equity, emphasizing strategies for high-growth companies. Understand the challenges of transitioning from traditional software to a cloud-first model, spotlighting leadership and future prospects in the evolving tech security sector.
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Societe Generale’s $7 Billion Loss
- Société Générale lost $7 billion due to a rogue trader who exploited unrevoked IT access privileges.
- This trader used his old access and even stole colleagues' credentials to hide his activities.
Unexpected PE Interest
- SailPoint unexpectedly attracted private equity interest during a growth equity round.
- Thoma Bravo became the sole owner, marking their first investment in a high-growth innovator.
A New Realm of Tech Investing
- Thoma Bravo's investment in SailPoint was a departure from typical private equity investments at the time.
- SailPoint's success propelled Thoma Bravo into technology investing, focusing on innovative, high-growth companies.