Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sectors, has agreed to acquire Calypso Technology Inc. from international private equity group Bridgepoint and global growth investor Summit Partners.
“Our acquisition by Thoma Bravo is further validation of the unique value Calypso creates for its customers, employees, and investors and a direct reflection of the hard work, collaboration, and strong results the team has achieved,” said Didier Bouillard, CEO of Calypso. “Thoma Bravo has a proven track-record of supporting its portfolio companies by investing in growth initiatives and strategic acquisitions designed to drive long-term value and we are excited to continue delivering innovative solutions to the financial markets while accelerating our growth.”
“For more than a decade, we have admired Calypso’s position as a leader in the global capital markets software space with a highly differentiated and modern, integrated front-to-back technology platform across a wide range of asset classes,” added Holden Spaht, a managing partner at Thoma Bravo. “Calypso’s technology allows its world-class customer base to navigate the highly complex and regulated capital markets with greater transparency and lower costs. We look forward to partnering with Didier and his team to continue building on their great momentum supported by increased investment and innovation and a maniacal focus on customer success.”
“Alongside a range of operational initiatives, the transition of the business to a cloud model combined with best-in-class client service was undoubtedly key in accelerating growth. With this transformation now complete and having demonstrated very robust growth throughout the COVID pandemic, the business is well placed for the next stage of its evolution under new ownership,” commented David Nicault, partner and global head of digital, technology and media at Bridgepoint.
“As the regulatory and competitive environment grows more complex, we have seen financial institutions shift their capital markets technology spend from legacy, internally developed platforms to modern, cloud-based software solutions,” said Scott Collins, managing director at Summit Partners. “Calypso has supported financial institutions across developing and emerging markets on their modernization journeys.”
Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo. Evercore and Jefferies are serving as financial advisors and Latham & Watkins is serving as legal counsel to Calypso, Bridgepoint, and Summit Partners.