Thoma Bravo Reaches Deal for Stake in Trading Technologies

Buyout firm Thoma Bravo has agreed to acquire a stake in Trading Technologies International Inc., which plans to use the additional resources to scour for acquisitions.

Thoma Bravo and Trading Technologies have “agreed to partner for the next phase of” the company’s growth, according to a statement Wednesday, confirming an earlier Bloomberg News report. Terms of the deal weren’t disclosed.

The transaction values Trading Technologies at more than $1 billion, according to people with the matter, who asked not to be identified because the information was private.

Thoma Bravo will accelerate the company’s ambitions, Trading Technologies Chief ...