Thoma Bravo Acquires PROS Holdings for $1.4 Billion

PROS Holdings, Inc. (PRO) entered a merger agreement on September 22, 2025, to be taken private by Thoma Bravo in a deal valued at $1.4 billion.

Deal Structure:

PROS shareholders will receive $23.25 per share in cash, representing a premium of 41.68% from the stock’s last close.

Company Profile:

PROS Holdings is a Houston-based SaaS company that provides AI-powered pricing, revenue management, and sales optimization solutions to help businesses across industries, including travel, manufacturing, and retail, improve pricing, sales efficiency, and customer experiences.

Thoma Bravo is a software-focused investment firm with $184 billion in assets under management, investing in innovative technology companies through private equity, growth equity, and credit strategies.

Deal Details and Timeline:

The deal is expected to close in the fourth quarter of 2025.

The company will remain headquartered in Houston, Texas.

PROS Holdings was advised financially by Qatalyst Partners, with legal support from DLA Piper. Thoma Bravo received financial advice from Evercore and legal counsel from Kirkland & Ellis.

Thoma Bravo is acquiring PROS Holdings at 2.28 times its sales.

Deal Metrics:

For more comprehensive details regarding this merger and acquisition transaction, please visit the Deal Metrics page:

Deal Metrics for the acquisition of PROS Holdings, Inc. (PRO) by Thoma Bravo

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement to completion or failure.
• Key events as the merger progresses, including the expiration of the HSR period, regulatory approvals, shareholder votes, etc.
• News and SEC filings related to the merger.
• A history of deal updates.
• And much more.

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Editor’s Note: Baranjot Kaur contributed to this article