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November 8, 2009

Carlyle Group To Acquire OpenLink Financial From TA Associates

Growth strategy includes international expansion and acquisitions

By CBR Staff Writer

Carlyle Group, a global private equity firm, has agreed to purchase OpenLink Financial, a provider of cross-asset trading, risk management, and related portfolio management software solutions, from TA Associates.

Acquisition financing has been arranged by Bank of America Securities and Credit Suisse Securities. OpenLink was advised by Morrison & Foerster and BofA Merrill Lynch. Carlyle Group was advised by Alston & Bird and Credit Suisse. TA Associates was advised by Goodwin Procter.

Kevin Hesselbirg, CEO of OpenLink, said: “TA Associates has played a key role in the development of OpenLink, helping us to grow organically and evolve from our entrepreneurial roots. In this next phase of our journey, Carlyle’s technology expertise and financial know-how will serve us well, particularly as we expand internationally and through acquisitions.”

Cam Dyer, principal of Carlyle’s US technology buyouts group, said: “We look forward to supporting OpenLink’s growth through Carlyle’s global resources and industry expertise, and we expect that OpenLink’s valued clients and talented employees will benefit from this growth as OpenLink continues to increase the breadth and depth of its industry leading software solutions.”

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