Thoma Bravo announced that Arlington Capital Partners has confirmed its acquisition of Exostar from Thoma Bravo. Exostar is a business collaboration provider in regulated sectors such as aerospace defense and healthcare according to a press release. The transaction is expected to close by the end of 2023, subject to regulatory approvals and customary closing conditions. Exostar, with its Exostar Platform, offers a secure environment for sharing sensitive information and facilitating secure, compliant, and efficient business transactions across complex networks of customers, partners, and suppliers for around 200,000 companies. This step is anticipated to drive Exostar's further product development and service expansion. With its transition to Arlington Capital Partners ownership, Exostar aims to continue its growth and transformation initiated during its tenure under Thoma Bravo according to a press release.

According to a press release, Ben Ramundo, a Principal at Arlington Capital Partners, said, "Exostar plays a critical role in securely facilitating supply chain transactions and broader collaboration between the largest aerospace, defense and healthcare firms and each of their supply bases. We look forward to strengthening that network even further by building upon management's impressive accomplishments under Thoma Bravo's stewardship."

The completion of this transaction is anticipated by the conclusion of 2023, contingent upon regulatory clearance and the fulfillment of standard closing requirements. However, specific details regarding the financial terms of the transaction remain undisclosed according to a press release.

"It has been a privilege to work alongside the Exostar team," said Carl Press, a Partner at Thoma Bravo, according to a press release. "Under Richard's leadership, the company successfully transformed its commercial capabilities, expanded its product offering with The Exostar Platform and achieved substantial growth in both revenue and earnings, all while remaining true to its long-standing commitments to customers and partners. We are very proud of the business transformation that took place under Thoma Bravo's ownership, and I'm confident that Arlington will help take Exostar to even greater heights."