PROS Holdings Stock Soars 40% on $1.4B Thoma Bravo Buyout Deal
The all-cash transaction will take the SaaS company private, marking a significant premium for current shareholders.
Shares of PROS Holdings (PRO) surged nearly 40% during Monday's trading session after the company announced it had entered into a definitive agreement to be acquired by private equity giant Thoma Bravo. The all-cash deal, valued at approximately $1.4 billion, sent the company's stock price soaring to $22.97.
Under the terms of the agreement, PROS shareholders will receive $23.25 in cash for each share they own. This price represents a substantial 42% premium over the stock's closing price on September 19, 2025. The move is the latest in a trend of private equity firms targeting public software-as-a-service (SaaS) companies with the goal of accelerating growth outside the glare of public markets.
The acquisition has been unanimously approved by the PROS board of directors. According to the , the partnership will focus on accelerating the company's AI-powered pricing and sales solutions. Thoma Bravo plans to leverage its deep operational and software expertise to enhance PROS's market position and drive innovation.
"This transaction is a testament to the value of our AI-powered platform and our team's hard work," said Jeff Cotten, CEO of PROS Holdings. He added that going private would enable more aggressive investment in their intelligent commerce platform. The market reacted swiftly and positively to the news, with as investors priced in the acquisition premium.
Upon completion of the deal, PROS Holdings will transition into a privately held company, and its shares will no longer be listed on the New York Stock Exchange. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including approval by PROS shareholders and the receipt of regulatory approvals. include Qatalyst Partners for PROS and Evercore for Thoma Bravo, signaling a high-profile move within the tech M&A landscape.