Thoma Bravo is merging portfolio companies Calypso Technology Inc., a provider of cloud-based software for financial markets, with AxiomSL. The latter offers regulatory reporting and risk management services to financial providers. The merger follows the completion of Thoma Bravo’s previously announced acquisition of Calypso.
The combination of Calypso and AxiomSL will create one of the most unique and comprehensive cloud-based services providers in the financial industry, according to Thoma Bravo. “With complete coverage for banking, capital markets, treasury, enterprise risk, regulatory reporting and compliance, the combined company will streamline customers’ end-to-end workflows, bring them operational efficiencies, and strengthen a culture of customer-centric innovation to better serve financial institutions globally,” the firm added.
Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo. Debt financing for the transaction was provided by Owl Rock Capital, the private credit business within Goldman Sachs Asset Management, PSP Investments Credit II USA LLC, Blackstone Credit, Thoma Bravo Credit, Apollo Capital Management L.P., Ares Management Corp., Diameter Master Fund LP., Golub Capital, KKR Credit, Oak Hill Advisors, Stone Point Credit Corp. and Harvest Partners LP.