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Is there something about Thoma Bravo specifically that makes you say that?

Otherwise Mailgun managed to handle being acquired by Rackspace [1], and then spin back out of Rackspace [2] reasonably well...

[1] - https://www.mailgun.com/blog/mailgun-is-being-acquired-by-ra...

[2] - https://techcrunch.com/2017/02/22/mailgun-there-and-back-aga...

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this part is in the email "Thoma Bravo is a leading private equity firm" but i don't see it in the blog post.

https://techcrunch.com/2019/01/23/idera-acquires-travis-ci/

https://news.ycombinator.com/item?id=19218036

https://www.reddit.com/r/programming/comments/b6l559/travisc...

so just a blanket bias towards "private equity firms"?

Thoma Bravo is a PE firm that is mostly known for "flipping" companies they acquire. Usually the company/product suffers under these kinds of circumstances.

Disclosure: TB bought our company from other PE earlier this year.

So far they are pretty hands-off once the top level metrics around sales, growth, etc are established. We'll see what happens in the future or if we don't meet our targets.

"flipping" is a bit misleading; They'll look to sell in line with the timing of their funds lifespan. This isn't much different from VC looking for a liquidity event within the lifetime of their funds.

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