Thoma Cressey and Embarcadero Try Again

Thoma Cressey Bravo has agreed to acquire Embarcadero Technologies Inc. (Nasdaq:EMBT), a San Francisco-based provider of data management solutions. The total deal is valued at approximately $200 million, with Embarcadero stockholders to receive $7.20 per share. Morgan Stanley advised Embarcadero on the deal, while Wells Fargo Foothill has committed to provide leveraged financing. Thoma Cressey had previously agreed to acquire Embarcadero at $8.38 per share, but the deal was canceled late last year, after Embarcadero disclosed evidence of stock option backdating and a restatement of historical financials.