SS&C Technologies Holdings announced it has completed its acquisition of Advent Software, a provider of software and services for the global investment management industry.

SS&C financed the acquisition, the refinancing of loans outstanding under its existing credit agreement, repayment of Advent’s existing debt and the payment of related fees and expenses with:

• Commitments and borrowings under new senior secured credit facilities in an aggregate principal amount of $2.63 billion, including syndicated term loans and revolving credit facilities provided by a syndicate of lenders, with Deutsche Bank AG NY Branch acting as administrative agent;
• Approximately $500 million of the net proceeds from the issuance of $600 million aggregate principal amount of SS&C’s 5.875% notes due 2023;
• Approximately $400 million of net proceeds from the offering of 12,075,000 shares of SS&C common stock; and
• Cash balances

Advent has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms, located across more than 50 countries worldwide. With more than 1,200 employees worldwide, Advent generated revenues of $397 million for the 12 months ended December 31, 2014.

Morgan Stanley and Deutsche Bank acted as financial advisors and Davis Polk & Wardwell acted as legal advisor to SS&C. Qatalyst Partners acted as financial advisor and Wilson Sonsini Goodrich & Rosati acted as legal advisor to Advent.

Windsor, CT-based SS&C Technologies is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry.