Brunswick, FGS Global Work Nasdaq’s Software Deal

▤ Summary

Brunswick Group represents Nasdaq as it agrees to pay $10.5B in cash and stock to acquire the Adenza software business of Thoma Bravo, which relies on FGS Global for its media relations duties. Adenza is the result of the combination of the Calypso and AxiomSL brands. AxiomSL provides regulatory and compliance software to the financial services market. Adena Friedman, Nasdaq CEO, said the deal enhances the company’s “position at the heart of the global financial system.” The transaction is expected to close within the next six to nine months. Thoma Bravo has $127B in assets as of management.

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