Thoma Bravo nears deal for WWEX to create $12 billion shipping tech firm, Bloomberg News reports
March 2 (Reuters) - U.S. private equity firm Thoma Bravo is in advanced talks to buy third-party logistics provider WWEX Group to create a shipping technology business worth as much as $12 billion, Bloomberg News reported on Monday, citing people familiar with the matter.
The buyout would value WWEX roughly at $5 billion, and could be announced as soon as Tuesday, the report added.
Software-focused Thoma Bravo plans to combine WWEX with Auctane, an e-commerce shipping software provider in its portfolio, according to Bloomberg.
Thoma Bravo did not immediately respond to a Reuters' request for comment. WWEX, which includes the Worldwide Express brand, declined to comment.
(Reporting by Carlos Méndez in Mexico City; Editing by Sumana Nandy and Sherry Jacob-Phillips)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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