Thoma Bravo to Restructure PROS Holdings Post-Acquisition

Thoma Bravo has announced strategic plans for PROS Holdings, Inc. following its acquisition, expected to close in Q4 2025. Announced in a press release, Thoma Bravo intends to operate PROS' travel segment as a standalone business while integrating its B2B segment with Conga, another portfolio company.

The travel business will be positioned as a platform investment, aiming to enhance its market leadership in the airline and travel sectors. Meanwhile, the combination of PROS' B2B segment with Conga is expected to create a more comprehensive solution portfolio, enhancing capabilities in AI-driven pricing and document automation.

Under the acquisition terms, PROS shareholders will receive $23.25 per share in cash, marking a significant premium over its recent trading prices. This restructuring aims to leverage Thoma Bravo's expertise to drive growth and innovation across both the travel and B2B sectors.