Merger Decision: Thoma Brado Selects Trading Technologies and 7RIDGE for Persistent Expansion
Trading Technologies International (TT), a global capital markets technology platform services provider, is set to accelerate its growth and strengthen its market position with the help of Thoma Bravo and 7RIDGE. The partnership, which aims to make TT an extraordinary force in the capital markets, was announced recently.
TT's CEO, Justin Llewellyn-Jones, expressed excitement about Thoma Bravo joining the team. He believes the combination of TT's business and technology expertise, 7RIDGE's deep sector knowledge, and Thoma Bravo's strategic and operational capabilities positions TT to become the operating system for capital markets with strong growth potential.
The key aims of the partnership include scaling TT's business further, driving innovation in multi-asset trading, OTC electronification, and digitization of markets, and enhancing operational excellence and customer satisfaction. TT had originally planned a five-year growth strategy but exceeded its KPIs in just three years, prompting the search for a partner to drive the next phase of expansion.
From 7RIDGE's perspective, the partnership brings the right ingredients to elevate TT’s role within financial market infrastructure to the next level, leveraging Thoma Bravo's expertise. Carsten Kengeter, the founder of 7Ridge, is confident in TT's role within financial markets infrastructure.
Thoma Bravo, a leading software investment firm, brings strategic and operational expertise to the partnership with TT and 7Ridge. A.J. Rohde, Senior Partner at Thoma Bravo, believes TT is poised for meaningful and accelerated growth. George Jaber, a Principal at Thoma Bravo, states they will provide TT with operational guidance and resources to accelerate innovation and strengthen its market leadership.
The transaction is expected to close in Q4 2025 after regulatory approval, though financial terms were not disclosed. The process attracted deep and wide expert interest in TT. Goodwin Procter LLP is acting as legal advisor to Thoma Bravo, Barclays is acting as financial advisor to TT, Houlihan Lokey is acting as lead financial advisor to TT, and Oliver Wyman is acting as TT's market and commercial advisor.
Proskauer is acting as TT's legal advisor, and Ardea Partners LP is acting as financial advisor to Thoma Bravo. The partnership is expected to guide TT to the next level, with clear expectations of strong financial and customer success metrics over the coming years.
With this alliance, TT, 7RIDGE, and Thoma Bravo aim to leverage the combined strengths to accelerate TT’s growth, reinforce its market leadership, and fuel ongoing innovation in the capital markets technology sector. The partnership is poised to make TT an extraordinary force in the capital markets, ready to meet the growing demand for speed, reliability, and next-generation innovation.
Technology and finance converge as Trading Technologies International (TT) partners with Thoma Bravo and 7RIDGE to become the operational backbone of capital markets. This alliance aims to fuel TT's growth, reinforce its market leadership, and drive innovation in multi-asset trading, OTC electronification, and digitization of markets.
