Azul has entered into a definitive agreement to receive a majority strategic investment from software investment firm Thoma Bravo. As part of the transaction, Azul’s existing investors Vitruvian Partners and Lead Edge Capital will be reinvesting new capital and will retain minority stakes alongside Azul’s employees.
Azul provides Java runtime solutions that deliver security and cost efficiency for enterprise applications. Its products – Platform Core, Platform Prime, the company’s Java platform, and Intelligence Cloud – help organisations run Java workloads faster, safer and more economically across hybrid and cloud environments.
Azul’s customer base includes 36% of the Fortune 100 and the world’s ten largest banks. Thoma Bravo’s investment will support Azul’s continued growth to meet the rising demand for Java platforms, scale its engineering efforts, accelerate innovation in runtime performance, observability and security tooling, and expand its reach in global enterprise and cloud markets.
Goodwin Procter LLP is serving as legal advisor and William Blair is serving as financial advisor to Thoma Bravo. Kirkland & Ellis LLP is serving as legal advisor and Guggenheim Securities, LLC is serving as financial advisor to Azul. Debt financing for the transaction is being provided by funds affiliated with Ares Management LLC.
