Thomas Cressey Bravo acquires Embarcadero

By Lisa Kerner

Charlotte, N.C., June 25 - Thoma Cressey Bravo, Inc.'s affiliate, EMBT Merger Corp., completed its $7.20 per share cash acquisition of Embarcadero Technologies, Inc.

The $200 million transaction was announced on April 6.

Embarcadero's common stock will no longer trade on the Nasdaq Global Select Market. In addition, the company has reached an "agreement in principle" with certain Embarcadero stockholders to settle three stockholder derivative lawsuits related to historical stock option grant practices and related accounting.

Thoma Cressey Bravo is a private equity investment firm and Embarcadero is a data management company is based in San Francisco.

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