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Laxman Pai, Opalesque Asia:

Technology-focused private-equity firm Thoma Bravo has agreed to acquire online trading services provider Calypso Technology from the European buyout shop Bridgepoint and the investment firm Summit Partners.

The American private equity and growth capital firm did not disclose the financial terms of the deal, which is expected to close in the second quarter of 2021. But the Financial Times had reported that the buyout deal values Calypso at $3.75 billion.

San Francisco-based Calypso is a cloud-enabled provider of online trading software to banks, asset managers, and clearing houses in more than 60 countries. It was acquired by Bridgepoint and Summit Partners in 2016.

"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," said Didier Bouillard, Chief Executive Officer 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," Didier added.

"For more tha......................

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