Thoma Bravo to Exit 10-Year Investment
April 30, 2010- Share:
Thoma Bravo has entered into a definitive agreement to sell American-Amicable Holdings to Industrial Alliance Insurance and Financial Services for CAD145 million in cash, representing a return of 4x on its original investment. Thoma Bravo acquired American-Amicable in a $110 million LBO in 2000. American-Amicable is a provider of life insurance products to individuals eligible to participate in payroll deduction programs and was financially advised by Oppenheimer & Company.
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