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January 24, 2026
Kirkland Represents Thoma Bravo on Investment in Applitools

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AI-made summary
- Kirkland & Ellis represented Thoma Bravo in its strategic growth investment in Applitools, a company specializing in visual test automation software
- Applitools' co-founders Gil Sever, Adam Carmi, and Moshe Milman will maintain a significant ownership stake
- The investment aims to help Applitools expand its platform and accelerate growth by utilizing Thoma Bravo's expertise in the software sector
- The financial terms of the transaction were not disclosed.
Kirkland & Ellis advised Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, on its strategic growth investment in Applitools, the leading provider of visual test automation software. Co-founders Gil Sever, Adam Carmi, and Moshe Milman will retain a significant ownership position in the company. The investment can allow Applitools to leverage Thoma Bravo's operating capabilities and deep experience in the software sector to accelerate its growth trajectory and further scale its innovative, market-leading platform. Financial details of the transaction were not disclosed. Read the Thoma Bravo press release
The Kirkland team was led by corporate partners Ted Peto and Ryan Jackson and associates Thomas Guzman and George Boden.
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