Thoma Bravo’s Acquisition of Calypso Technology

Latham & Watkins LLP and EY Société d’Avocats represented Calypso, Bridgepoint, and Summit Partners in the transaction, while Kirkland & Ellis advised Thoma Bravo.

Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors, has reached an agreement to acquire Calypso Technology, Inc., a cloud-enabled provider of cross-asset front-to-back solutions and managed services for financial markets, from international private equity group Bridgepoint and global growth investor Summit Partners. The deal, which is subject to customary regulatory approvals, is expected to close in the second quarter of 2021. Financial terms of the transaction were not disclosed.

Latham & Watkins LLP represented Calypso, Bridgepoint, and Summit Partners in the transaction with an M&A team led by Paris partner Olivier du Mottay (Picture) and London partner Farah O’Brien, with associates Allison Kramer, Alice Drayton, and Nick Fisher. Advice was also provided on foreign direct investment matters by Paris partner Charles-Antoine Guelluy and Hamburg counsel Jana Dammann, with associate Delphine Van Damme; on finance matters by Paris partner Xavier Farde, with counsel Carla-Sophie Imperadeiro; and on antitrust matters by Brussels partner Luca Crocco, with associate Marine Dewaele.

The EY Société d’Avocats team included Lionel Benant et Pierre-Antoine Quatrhomme.

The Kirkland team was led by corporate partners Carlos Gil Rivas and Dan Clarke and associate James Hunn, and also included corporate partners Ted Peto, Peter Stach and Laurent Victor-Michel and associates Christian Segar, Jonathan Slack and Louis Gosset, and antitrust partner Michael Engel.

Involved fees earner: Lionel Benant – EY (Ernst & Young); Pierre-Antoine Quatrhomme – EY (Ernst & Young); Dan Clarke – Kirkland & Ellis; Michael Engel – Kirkland & Ellis; Carlos Gil Rivas – Kirkland & Ellis; Louis Gosset – Kirkland & Ellis; James Hunn – Kirkland & Ellis; Theodore Peto – Kirkland & Ellis; Christian Segar – Kirkland & Ellis; Peter Stach – Kirkland & Ellis; Laurent Victor-Michel – Kirkland & Ellis; Luca Crocco – Latham & Watkins; Marine Dewaele – Latham & Watkins; Alice Drayton – Latham & Watkins; Olivier du Mottay – Latham & Watkins; Xavier Farde – Latham & Watkins; Nick Fisher – Latham & Watkins; Charles-Antoine Guelluy – Latham & Watkins; Carla-Sophie Imperadeiro – Latham & Watkins; Allison Kramer – Latham & Watkins; Farah O’Brien – Latham & Watkins; Delphine Van Damme – Latham & Watkins;

Law Firms: EY (Ernst & Young); Kirkland & Ellis; Latham & Watkins;

Clients: Bridgepoint ; Calypso Technology; Summit Partners; Thoma Bravo;

Author: Naoual Sadouqi

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