Owl Rock Capital, Goldman Sachs’ merchant banking division, PSP Investments Credit and Harvest Partners provided financing for private equity firm Thoma Bravo’s acquisition of AxiomSL, a provider of cloud-enabled risk management and regulatory solutions. 

“We are thrilled to partner with the Thoma Bravo team to accelerate AxiomSL’s innovation and growth, particularly at this vital juncture when the world’s financial markets are rapidly embracing cloud technology and the global risk and regulatory landscape becomes ever more complex,” Alex Tsigutkin, founder and CEO of AxiomSL, said. “Vlad and I founded AxiomSL almost 30 years ago in our small apartment and, today, we are nearly 1,000 employees strong and provide a critical service to the financial services industry as the leading platform for risk and regulatory reporting. We look forward to the next phase of our journey with Thoma Bravo.”   

“Since founding AxiomSL, Alex and Vlad have grown the company into the market leader for risk and regulatory reporting with a customer base that includes the largest financial institutions around the world,” Holden Spaht, managing partner at Thoma Bravo, said. “AxiomSL is well-positioned to serve its clients as more and more financial institutions shift their risk and regulatory functions to the cloud. We look forward to partnering with the AxiomSL team during this exciting next chapter for the company.”  

“We are excited to close the transaction and begin collaborating closely with the AxiomSL team to build on their impressive success to date,” Brian Jaffee, principal at Thoma Bravo, said. “We look forward to leveraging Thoma Bravo’s proven operational capabilities and industry knowledge to further expand AxiomSL’s customer base, drive continued growth and product innovation, and explore attractive M&A opportunities.” 

Evercore acted as financial advisor and Weil, Gotshal & Manges served as legal advisor to AxiomSL. Kirkland & Ellis served as legal advisor to Thoma Bravo.