Latest news with #ThomaBravo
Finextra
a day ago
- Business
- Finextra
Thoma Bravo buys stake in Trading Technologies
Private equity giant Thoma Bravo has bought a stake in capital markets tech provider Trading Technologies (TT). 0 Terms of the deal with TT's current owner 7Ridge were not disclosed but according to Bloomberg Thoma Bravo is paying $1 billion for its share. A 30-year plus financial market veteran, TT provides access to the world's major international exchanges and liquidity venues via its Software-as-a-Service-based TT trading platform. In recent times, the company has also begun to offer domain-specific technology for cryptocurrency trading and machine-learning tools for trade surveillance. Acquired by growth equity firm 7Ridge in 2021, the firm has been carrying out a review of possible investors ahead of the Thoma Bravo agreement, which is slated to close in the fourth quarter. AJ Rohde, senior partner, Thoma Bravo, says: "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 capitalize on this opportunity through the expertise, operational rigor and long-term investment that our partnership with 7Ridge will bring."
Bloomberg
2 days ago
- Business
- Bloomberg
Thoma Bravo Reaches Deal for Stake in Trading Technologies
Buyout firm Thoma Bravo has agreed to acquire a stake in Trading Technologies International Inc. in a transaction valued at more than $1 billion, according to people with the matter. An agreement could be announced as soon as Wednesday, said the people, who asked not to be identified because the information was private.
Associated Press
6 days ago
- Business
- Associated Press
OLO STOCK UPDATE: Olo Inc. (NYSE:OLO) is being Investigated for Breaches of Fiduciary Duties related to the Thoma Bravo Merger
NEW YORK, July 26, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Olo Inc. (NYSE: OLO), its board of directors, its executive officers, and founder and current CEO Noah H. Glass for potential breaches of their fiduciary duties to shareholders in connection with the pending sale of Olo to Thoma Bravo Discover Fund IV, L.P. ('Thoma Bravo') for $10.25 per share. If you are a current shareholder of Olo, you are encouraged to obtain additional information by visiting: Why is Olo being Investigated? Olo is an open SaaS platform for restaurants that powers restaurant brands' on-demand digital commerce operations, enabling digital ordering, delivery, engagement, and payments. Olo common stock is divided into Class A and Class B shares. Class A shares are publicly traded, whereas Class B shares are not. Class B shares receive ten votes per share, while Class A shares receive only one vote. As of December 31, 2024, 'directors and executive officers and their affiliates collectively beneficially owned, in the aggregate, shares representing approximately 82% of the voting power of our outstanding capital stock.' On July 3, 2025, Olo announced that it had entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valuing Olo at approximately $2 billion in equity value. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash. The per-share purchase price purportedly represents a premium of 65% over Olo's unaffected share price of $6.20 as of April 30, 2025. BFA Law is investigating whether Olo's board of directors, its executive officers, and/or Glass breached their fiduciary duties to shareholders in connection with the merger. Click here for more information: What Can You Do? If you are a current holder of Olo you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact: Ross Shikowitz [email protected] 212.789.3619 Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named 'Elite Trial Lawyers' by the National Law Journal, among the top '500 Leading Plaintiff Financial Lawyers' by Lawdragon, 'Titans of the Plaintiffs' Bar' by Law360 and 'SuperLawyers' by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes.
Yahoo
23-07-2025
- Business
- Yahoo
Evercore Affirms ‘In Line' Rating on Verint Systems (VRNT) amid Acquisition Reports
Verint Systems Inc. (NASDAQ:VRNT) is one of the top AI stocks with huge upside potential. On July 2, Evercore ISI reiterated 'In Line' rating on the stock with a $23 price target. The stance comes amid reports that the company is a potential acquisition target for private equity firm Thoma Bravo. A close up on an experienced banker consulting with a customer on their existing loan options. According to Evercore ISI, Verint Systems' refusal to comment on the reported talks affirms the current discussions are purely speculative. The acquisition talk comes on the heels of the leader in customer experience automation delivering solid first-quarter results. Analysts insist that the company is benefiting from the adoption of artificial intelligence among its clients. Verint Systems Inc. (NASDAQ:VRNT) has sought to position itself as an AI-forward company. It utilizes AI to drive customer experience (CX) automation and enhance customer engagement. It also offers AI-powered bots and solutions that aim to improve customer interactions, lower costs, and deliver measurable ROI. While we acknowledge the potential of VRNT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Chemical Stocks to Buy According to Billionaires and 7 Most Undervalued Pot Stocks To Buy According To Analysts. Disclosure: None. This article is originally published at Insider Monkey.
Bloomberg
21-07-2025
- Business
- Bloomberg
NIQ's $1.2 Billion IPO to Test Investor Desire for PE-Firm Exits
Shares of global consumer intelligence platform NIQ Global Intelligence Plc are expected to start trading this week, and their performance could open the door for other private equity-backed companies weighing going public. The former Nielsen Holdings unit is seeking to raise as much as $1.2 billion in a US initial public offering, adding to a rush of listings this summer. At that size, the IPO would be the largest in the US for a company majority-owned by a buyout firm since Thoma Bravo-backed SailPoint Inc. 's $1.4 billion listing in February.
