Thoma Bravo Merges HCSS with Nemetschek (72%/28%)

Thoma Bravo agreed to merge its portfolio company HCSS with Nemetschek’s Build & Construct segment, creating a combined construction‑software entity.
Ownership will be split 72% to Nemetschek SE and 28% to Thoma Bravo‑managed funds, with Nemetschek as majority shareholder.
HCSS’s flagship solutions HeavyBid and HeavyJob help customers win 75% of work in 50 U.S. DOT markets and generate 40% more bids.
The deal is slated to close in H2 2026, pending regulatory approvals; advisors include Deutsche Bank, Citi, Centerview and J.P. Morgan.