Kneat Update #4.1 - Bye Bye
Kneat has been acquired by Thoma Bravo at a 38% premium to my writeup in Dec. 2025, 72% CAGR
Legal Disclaimer
The views expressed reflect my independent research and opinions and are provided for informational and educational purposes only. They do not constitute personalized investment advice, a recommendation, or a solicitation to buy, hold, or sell any security.
Nothing in this publication should be interpreted as a recommendation to take any specific investment action.
Whiteout Capital is a publication of Eudemonia 0x1 LLC, a Wyoming limited liability company. For full legal terms and disclosures, please visit whiteoutcapital.com/legal-disclaimer.
Thoma Bravo
As of today, Kneat has been acquired by Thoma Bravo at a 38% premium to my writeup in Dec. 2025, a ~72% CAGR to when I closed it after the announced acquisition.
I wish it had stuck around for many more years to see the ultimate vision and strategy through and it’s a shame to lose one of the true high-quality SaaS microcaps out there.
I posted the following on X on June 10th, and I still largely agree with everything I wrote: