Hey there, tech enthusiasts! Here’s some exciting news to get you buzzing.

Thoma Bravo, a notable player in private equity, has successfully closed its first European fund, amassing a hefty €1.8 billion (approximately $1.9 billion).

This fund aims to invest in mid-sized software companies across Europe, a market ripe with opportunities.

Despite the presence of several homegrown venture capital firms, like Atomico and Cherry Ventures, North American investment firms have been pulling back in recent times.

Notably, the Silicon Valley firm Andreessen Horowitz recently closed its U.K. office, reflecting the shifting dynamics of investment in the region.

Recognizing this gap, Thoma Bravo opened its London office in 2023, which marks its first base outside the U.S.

Since its inception in 2011, the firm has invested around €14 billion across 16 deals in Europe.

They have been behind significant take-private deals, including the acquisition of the U.K. cybersecurity company Darktrace in a deal valued at $5.3 billion.

Irina Hemmers, a partner and European lead at Thoma Bravo, expressed the significant opportunities this new fund will provide to increase their presence in the digitizing European market.

With the digital landscape rapidly evolving, Europe’s leading software companies are on the hunt for dedicated investment and support to boost their growth strategies.