Compuware plans new debt financing for buyout by Thoma Bravo

By Sara Rosenberg

New York, Sept. 2 – Compuware Corp. is planning on getting new debt financing to help fund its acquisition by Thoma Bravo LLC, according to a news release.

Jefferies, Credit Suisse and Deutsche Bank are leading the debt.

Under the agreement, Compuware is being purchased for about $10.92 per share in a transaction valued at around $2.5 billion.

Closing is expected by early 2015, subject to shareholder approval, regulatory approvals, the completion of a disposition of Covisint and other customary conditions.

Compuware is a Detroit-based technology performance company.

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