Private equity powerhouse Thoma Bravo has acquired a stake in Trading Technologies (TT), a prominent provider of capital markets technology.
Though the specific terms of the deal between Thoma Bravo and TT’s current owner, 7Ridge, have not been disclosed, Bloomberg reports that Thoma Bravo is investing approximately $1 billion for its equity share.
With over three decades of experience in the financial sector, Trading Technologies offers access to major global exchanges and liquidity venues through its Software-as-a-Service (SaaS) TT trading platform. Recently, the company has expanded its offerings to include specialized technology for cryptocurrency trading and machine-learning tools aimed at enhancing trade surveillance.
TT was acquired by growth equity firm 7Ridge in 2021, which has since conducted a review to explore potential investors prior to the Thoma Bravo agreement expected to finalize in the fourth quarter.
AJ Rohde, Senior Partner at Thoma Bravo, stated, “TT has quickly transformed into a cutting-edge, industry-leading platform with a dedicated customer base. We believe it is on the brink of significant and accelerated growth.”
He continued, “There exists a compelling market opportunity for TT to fulfill the increasing demand for speed, reliability, and next-generation innovation. Through our partnership with 7Ridge, TT will be well-positioned to leverage this opportunity with enhanced expertise, operational discipline, and long-term investment.”