Thoma Bravo Advantage will combine with ironSource, a business platform for the app economy, in a transaction that values ironSource at pro forma equity of $11.1 billion.
The deal includes $1 billion in cash held in the SPAC’s trust account, supported by a $1.3 billion oversubscribed Class A ordinary share PIPE led by an affiliate of Thoma Bravo, as well as investments from Tiger Global Management, Counterpoint Global (Morgan Stanley), Nuveen, Hedosophia, Wellington Management, The Baupost Group, and certain funds managed by Fidelity Investments Canada ULC and other institutional investors.
Pending shareholder approval, upon closing the combined company will operate under the ironSource name.
The ironSource platform helps developers launch, scale and monetize their apps. Read more.
