Thoma Bravo and 7RIDGE have formed a partnership to support the next growth phase of Trading Technologies International (TT), a provider of capital markets technology services.
7RIDGE, a growth equity firm focused on transformative financial technologies, currently owns TT, having acquired it in December 2021.
The collaboration between Thoma Bravo and 7RIDGE follows an extensive search for suitable investors for TT. The terms of this transaction remain undisclosed.
TT CEO Justin Llewellyn-Jones said: “The combination of TT’s business and technology experience, 7RIDGE’s deep sector knowledge, and Thoma Bravo’s strategic and operational expertise will truly make us an extraordinary force. With the backing of these two great partners, TT is in its strongest position to date to become the operating system for the capital markets.”
The parties expect to finalise the deal in Q4 2025, subject to regulatory approval.
Thoma Bravo senior partner AJ Rohde said: “TT has rapidly evolved into a modern, industry-leading platform with a loyal customer base, and we believe it is poised for meaningful and accelerated growth.
“There is a compelling market opportunity for TT to meet the growing demand for speed, reliability and next-generation innovation. TT will be better able to capitalise on this opportunity through the expertise, operational rigour and long-term investment that our partnership with 7RIDGE will bring.”
TT provides technology solutions across various asset classes and geographies for Tier 1 banks, brokerages, and other financial entities. Its Software-as-a-Service (SaaS) platform supports trading operations across futures, options, fixed income, foreign exchange (FX), and cryptocurrencies.
Additionally, the firm offers data and analytics services such as transaction cost analysis and trade surveillance.
The company’s recent development includes the introduction of Pre-Trade Portfolio Risk on the TT platform, designed to enhance risk management for sell-side clients. This feature helps firms manage risk by assessing a client’s worst-case margin position before executing a trade, using calculations similar to those of clearing houses.
Houlihan Lokey is the lead financial adviser for TT in this transaction, with Barclays also serving in an advisory role. Proskauer is providing legal advice to TT, while market advice comes from Oliver Wyman.
Bravo has enlisted Ardea Partners as its financial adviser and Goodwin Procter as its legal adviser.
