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Thoma Bravo agrees $3.725bn sale of Frontline Education to Roper Technologies

Thoma Bravo is to sell Frontline Education to Roper Technologies, a provider of administration software purpose-built for K-12 educators, in an all-cash deal worth $3.725 billion, according to a report by PE Insights.

The software investor first acquired Frontline Education in 2017 and has since supported six bolt-on acquisitions which have helped the business expand its product portfolio from 16 to 30 solutions and significantly both revenue and headcount.

The transaction is expected to close in the fourth quarter, subject to regulatory approvals and customary closing conditions.

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