Nearmap investor not sold on $1.1b private equity bid

A $1.1 billion offer for Nearmap from a US private equity firm may bring to an end a run of failed tech M&A deals, but one investor is concerned the bid is opportunistic because it comes just as the aerial imaging software company is hitting its straps.

On Monday, the ASX-listed tech company revealed it had landed in the crosshairs of Thoma Bravo, a large San Francisco-based private equity firm, which had lobbed the non-binding $1.1 billion offer.