Barings Supports Thoma Bravo in Their Acquisition of Padoa

Barings, one of the world's leading alternative investment managers, today announced its role as a lender in providing senior secured credit facilities to support Thoma Bravo in their acquisition of padoa, the European leader in occupational health, safety and prevention software.

Founded in 2016, padoa is the leading occupational health software platform in France, providing mission-critical SaaS solutions to occupational health service centres, healthcare professionals, employers, and employees through a fully integrated digital ecosystem to monitor health and safety compliance in the workplace. Supporting millions of workers and thousands of employers, padoa's cloud-native platform enables occupational healthcare professionals to manage medical records, compliance workflows, occupational risk assessments, and other critical regulatory processes. Its solutions have become deeply embedded within customers' daily operations, helping improve productivity, ensure regulatory compliance, and enhance the quality of occupational health services delivered across France.

About Barings
Barings is a $502 billion* global alternative asset manager that partners with institutional, insurance and wealth clients and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual with a minority investment from MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.

*As of June 30, 2026

About Thoma Bravo
Thoma Bravo is the world's largest software-focused investment firm, with more than $172 billion in assets under management as of March 31, 2026. Partnering with some of the world's most sophisticated investors, Thoma Bravo's private equity and private credit platforms reflect a focused investment strategy, supported by disciplined execution, deep sector expertise and leadership continuity. Over the past 20-plus years, Thoma Bravo has acquired or invested in approximately 590 software and technology companies, representing approximately $320 billion of aggregate enterprise value (including control and non-control investments, as well as add-on acquisitions).

For more information, please visit www.thomabravo.com

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