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.
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.