Thoma Bravo to acquire Calypso from Bridgepoint and Summit Partners

By Pavithra R

Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors has announced entering into an agreement to acquire Calypso Technology, a leading provider of cross-asset front-to-back technology solutions for financial markets, from international private equity group Bridgepoint and global growth investor Summit Partners. 

The acquisition expects to drive further growth and innovation in capital markets technology. The deal is subject to customary regulatory approvals and is expected to close in the second quarter of 2021. The financial terms of the transaction were not disclosed.

“We are thrilled to begin the next chapter of our story alongside Thoma Bravo and are grateful to Bridgepoint and Summit Partners for their support and partnership. 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. 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,” said Didier Bouillard, Chief Executive Officer of Calypso. 

Founded in 1997, Calypso is a cloud-enabled provider of cross-asset, front-to-back solutions for financial markets with over 35,000 users in more than 60 countries. Its software improves reliability, adaptability, and scalability across several verticals, including capital markets,central banking, clearing, treasury, liquidity, investment management, and collateral. The firm leverages innovative cloud microservices and blockchain distributed ledger technology (DLT) based solutions to minimize trading costs and improve time to value.

“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. 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 an intense focus on customer success,” said Holden Spaht, a Managing Partner at Thoma Bravo. 

Kirkland & Ellis served as legal counsel to Thoma Bravo. Evercore and Jefferies served as financial advisors and Latham & Watkins as legal counsel to Calypso, Bridgepoint, and Summit Partners.