Thoma Bravo to privatize Accelerant in over $4 billion deal

• Accelerant went public in July 2025 but its stock has traded well below its $21 per share IPO price, prompting the privatization decision
• Thoma Bravo manages over $172 billion in assets and has a track record in insurance technology, having acquired claims services firm for over $1.3 billion last year
• Largest investor Altamont Capital Partners and Accelerant's founders will retain equity ownership alongside Thoma Bravo in the transaction

Market Summary: Thoma Bravo to Privatize Accelerant in $4+ Billion Deal

Transaction Overview:

Private equity firm Thoma Bravo announced an all-cash deal valued at over $4 billion to take insurance marketplace Accelerant private. The transaction, expected to close in the first half of 2027, comes just over a year after Accelerant's July 25, 2025 IPO on the New York Stock Exchange.

Key Financial Details:

• Deal value: Approximately $4 billion all-cash
• Accelerant's stock has traded significantly below its $21 IPO price over the past year
• Thoma Bravo manages over $172 billion in assets as of March 31

Strategic Rationale:

The privatization will allow Accelerant to focus on business operations away from public market pressures. Analysts view this as a positive outcome given extreme market volatility and the disconnect between the company's fundamentals and stock valuation.

Company Background:

Founded in 2018 by insurance industry veterans, Accelerant operates as a data-driven insurance marketplace connecting niche underwriters with institutional investors. The platform aims to streamline the insurance process with faster, more cost-effective solutions.

Investor Structure:

Altamont Capital Partners, Accelerant's largest investor, and the company's founders will retain equity ownership alongside Thoma Bravo post-transaction.

Sector Context:

This deal continues Thoma Bravo's strategy in insurance technology, following its 2025 acquisition of a property and casualty claims services firm for over $1.3 billion.

Advisors:

Morgan Stanley advised Accelerant's board, Houlihan Lokey represented the special committee, while BMO Capital Markets and Wells Fargo advised Thoma Bravo.