William Blair acted as lead financial advisor to Motus, a portfolio company of Thoma Bravo, in connection with its pending strategic investment from Permira. Existing investor Thoma Bravo will be reinvesting as part of the transaction. The transaction is expected to close in the fourth quarter of 2021.
Transaction Highlights
- Deep client relationships: William Blair’s long-standing, trusted partnerships with both Motus and Thoma Bravo have been built through many years and countless interactions. The team’s unrivaled knowledge of the business and domain expertise within the software ecosystem allowed William Blair to articulate a powerful growth story, create a unique process strategy, and offer a deep understanding of buyer priorities.
- Positioning expertise: William Blair’s transaction team worked with management to create impactful marketing materials and financial analyses, effectively positioning Motus in a way that resonated powerfully with prospective buyers and drove value.
- Process and execution excellence: The transaction team designed and managed a high-touch process that solicited active interest from financial and strategic buyers, ultimately facilitating an exceptional outcome for shareholders amidst constantly evolving process dynamics.
About the Companies
Motus is the definitive expert in anywhere workforce solutions. Its platform and proprietary software simplify the reimbursement and management of vehicle, device, work, and living costs through personalized calculations.. Motus automotive data, captured and analyzed across the world’s largest retained pool of drivers, also underpins the annual Internal Revenue Service (IRS) business mileage standard, the amount an individual can deduct for business vehicle expenses.
Thoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value.
Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with total committed capital of approximately $50 billion (€44 billion) and makes long-term majority and minority investments. The Permira funds have made over 250 private equity investments in four key sectors: technology, consumer, services and healthcare. The Permira funds have an extensive track record in tech and tech-enabled investing, having invested over $15 billion in more than 50 companies across enterprise cloud adoption, SaaS, fintech and online marketplaces. Permira employs over 350 people in 15 offices across Europe, North America, and Asia.
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