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Thoma Bravo Secures US$1B from Ping Identity via Dividend Recap
Blue Owl Capital Blue Owl Capital (US:OWL) Fintech Schweiz Digital Finance News·2025-11-10 17:45

Free Newsletter Get the hottest Fintech Switzerland News once a month in your Inbox US-based private equity firm Thoma Bravo is set to extract around US1bnfromUScybersecuritycompanyPingIdentitythroughadividendrecapitalisationfinancedbynewsyndicateddebt,accordingtoBloomberg.PingIdentity,headquarteredinDenver,providesidentitysecuritysolutionstoenterpriseclients.ThefirmisarrangingaUS1bn from US cybersecurity company Ping Identity through a dividend recapitalisation financed by new syndicated debt, according to Bloomberg.Ping Identity, headquartered in Denver, provides identity security solutions to enterprise clients.The firm is arranging a US1.8bn broadly syndicated loan to refinance Ping’s existing US$792m private credit facilit ...