The private equity firm Thoma Bravo and the Abu Dhabi Investment Authority (ADIA) have completed their investment in Qlik, a U.S.-based provider of enterprise data analytics software. The transaction closed on May 8, 2025, with regulatory approvals received and multiple institutional investors involved.
| Acquirer | Target | Qlik® (US) | |
|---|---|---|---|
| Type | Buyout | Value | Undisclosed |
| Date closed | May 8, 2025 | Date announced | November 2024 |
| Buy-side advisors | Thoma Bravo, ADIA | Sell-side advisors | Not disclosed |
| Legal buy-side | Kirkland & Ellis LLP, Gibson, Dunn & Crutcher LLP | Legal sell-side | Evercore, Guggenheim Securities LLC |
Deal Mechanics
The deal was led by private equity firm Thoma Bravo and the Abu Dhabi Investment Authority (ADIA), with Qlik receiving all necessary regulatory approvals for the transaction. While financial details of the investment were not disclosed, multiple institutional investors participated in supporting Qlik's growth trajectory.
Strategic Rationale
The acquisition aims to bolster Qlik’s position in enterprise artificial intelligence (AI) and analytics by providing capital for further innovation and market expansion. The strategic move is expected to enable Qlik to enhance its AI-driven data analytics platform, targeting a growing demand from enterprises seeking advanced insights through sophisticated data interpretation.
Financial Context
Qlik's investment round, facilitated by Thoma Bravo and ADIA, reflects the current market dynamics in enterprise technology, particularly within the realm of AI. The undisclosed valuation underscores the confidence of major investors in Qlik’s future growth prospects. With a focus on innovation and strategic partnerships, this move is anticipated to fuel further advancements in data analytics solutions for global enterprises.
Advisors
The buy-side legal counsel was provided by Kirkland & Ellis LLP and Gibson, Dunn & Crutcher LLP. Evercore and Guggenheim Securities LLC acted as sell-side advisors but their specific roles were not disclosed in the press release.
Outlook
This investment sets a strong foundation for Qlik to scale its operations and further develop cutting-edge AI solutions. The involvement of Thoma Bravo, known for backing technology companies with transformative potential, alongside ADIA’s robust financial support, positions Qlik well for sustained innovation and market leadership.