Software-focused global private investment firm Thoma Bravo is to make a strategic growth investment in BlueMatrix, the provider of an end-to-end content creation and distribution platform for investment research providers.
Upon closing of the transaction, Founder and CEO Patricia Horotan will continue to lead the company and will retain a significant ownership position. Terms of the transaction were not disclosed.
BlueMatrix is the investment research and publishing platform of choice for many of the world’s leading investment banks and research analysts. The company’s cloud-based solutions provide end-to-end coverage of the highly regulated investment research production workflow, including content creation, global compliance approval, distribution, hosting and analytics.
Debt financing for the transaction will be provided by Golub Capital. Kirkland & Ellis LLP is serving as legal advisor to Thoma Bravo and Raymond James is serving as financial advisor. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. is serving as legal advisor and Stifel is serving as financial advisor to BlueMatrix.
The transaction is expected to close by the beginning of January 2024, subject to regulatory approvals and customary closing conditions.
