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Carlyle acquires OpenLink from TA Associates

Global private equity firm The Carlyle Group has agreed to purchase OpenLink Financial, a software developer for the commodity, energy and financial services industries, from middle market private equity firm TA Associates. Terms were not disclosed. The transaction is expected to close in the fourth quarter.

OpenLink is a provider of cross-asset trading, risk management, and related portfolio management software solutions for the commodity, energy and financial services markets globally.

Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore, OpenLink has more than 785 employees worldwide.

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.”

The Carlyle Group is a global private equity firm with $86.1 billion of assets under management committed to 64 funds as of June 30, 2009. Since 1987, the firm has invested $56.3 billion of equity in 920 transactions for a total purchase price of approximately $229.1 billion.

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