Investment Firm Thoma Bravo Acquires AxiomSL

The leading private equity firm Thoma Bravo announced that it has reached a agreement to acquire AxiomSL, a global leader in risk analytics, data-management, and regulatory-reporting solutions for banking, investment management, broker dealers and commodity trading institutions.

The companies are now negotiating other customary closing conditions and aiming to close the transaction by the end of Q4 2020. Financial terms were not disclosed.

Using its deep expertise in enterprise software, proven operational capabilities and prior experience in complex financial technology markets, Thoma Bravo will partner with AxiomSL's management team to grow AxiomSL's customer base and drive further innovation for critical risk management and regulatory solutions.

"For nearly 30 years, Alex and his team have grown AxiomSL into the number one platform for risk and regulatory reporting due to their cutting-edge technology, unparalleled understanding of everchanging global regulatory requirements and an unwavering focus on their clients, which include some of the largest and most complex financial institutions in the world," said Holden Spaht, a Managing Partner at Thoma Bravo.

Evercore is acting as financial advisor and Weil, Gotshal & Manges LLP is serving as legal advisor to AxiomSL. Kirkland & Ellis is serving as the legal advisor to Thoma Bravo.