Banking and Financial Services

The lenders in the financing of Thoma Bravo's $650-million acquisition of Kneat The lenders in the financing of Thoma Bravo's $650-million acquisition of Kneat

The lenders
Key Contact
Joyce M. Bernasek

Partner, Financial Services, Toronto

Team
Kyle Abrey

Counsel, Financial Services, Toronto

Jasveen Singh

Associate, Financial Services, Toronto

Alex Gorka

Partner, Corporate, Toronto

Gregory Wylie

Partner, Tax, Toronto

On August 11, 2026, Thoma Bravo completed its acquisition of kneat.com, inc. in an all-cash transaction valued at approximately $650 million. Following the close of the transaction, Kneat ceased trading and will be delisted from the Toronto Stock Exchange.

Kneat is a global provider of digital validation and quality process automation for the life sciences sector and other highly regulated industries.

Thoma Bravo is the world’s largest software-focused investment firm with over US$172 billion in assets under management.

Osler acted as Canadian counsel for the lenders and administrative agent in connection with the financing for the acquisition and take-private of Kneat with a team consisting of Joyce Bernasek, Kyle Abrey, Jasveen Singh (Financial Services), Alex Gorka, Ben Fickling (Corporate) and Greg Wylie (Tax).

Value
$650 million
Date Closed
August 11, 2026
Lead Office
Toronto
Key Contact
Joyce M. Bernasek

Partner, Financial Services, Toronto

Team
Kyle Abrey

Counsel, Financial Services, Toronto

Jasveen Singh

Associate, Financial Services, Toronto

Alex Gorka

Partner, Corporate, Toronto

Gregory Wylie

Partner, Tax, Toronto