Solifi welcomes majority investment from TA

Solifi, a global fintech software partner for secured finance, today announced that it will receive a majority investment from TA Associates (TA), a global private equity firm.

This transaction will accelerate Solifi’s growth by supporting product innovation, driving expansion into adjacent financing markets and new geographies, and delivering enhanced value to its customers. Existing investor Thoma Bravo, a software investment firm, will continue to maintain a meaningful stake in Solifi.

“For over 50 years, we have been committed to helping our customers strengthen their market position with our scalable, secure, and best-in-class software solutions. We are incredibly proud of our growth thus far, and are grateful to have Thoma Bravo’s continued support as we begin this exciting next chapter in partnership with TA.”

Solifi is a provider of scalable front-and back-office software that empowers customers to effectively manage their asset finance portfolios across equipment, automotive, wholesale, and working capital finance. Its customers include many of the world’s largest banks as well as independent and captive finance organisations. Today, Solifi’s team of over 650 people operates globally with dual headquarters in Minneapolis, US, and Milton Keynes, UK, and regional offices in Australia, Austria, Canada, Germany, and India.

“We have tracked Solifi for many years and have been continually impressed by its leadership in developing innovative, mission-critical technology for the secured finance market,” said Harry Taylor, Managing Director at TA.

“As more organisations aim to modernise their financial processes and migrate to the cloud, Solifi’s Open Finance Platform is well-equipped to support enterprises in their digital transformation journey, helping them automate their workflows and maximise efficiency,” he added.

“We believe there is significant opportunity for Solifi to expand both organically and through strategic acquisitions and look forward to collaborating with David, the Solifi team and Thoma Bravo in Solifi’s next phase of growth,” added Nicholas D. Leppla, Director at TA.

“As a partner to Solifi since 2019, it has been a privilege to work alongside David and his team to drive the company’s evolution through product expansion and accretive acquisitions,” said A.J. Rohde, Senior Partner at Thoma Bravo. “We are excited to continue our relationship with Solifi as it enters this new stage of growth.”

“We are thrilled to partner with TA and jointly work to further strengthen Solifi’s position as the world’s leading provider of secured finance software technology,” added George Jaber, Principal at Thoma Bravo.

Goodwin Procter LLP provided legal counsel to TA. Jefferies LLC served as financial advisor and Kirkland & Ellis LLP provided legal counsel to Solifi. Financial terms of the transaction were not disclosed.