D.A. Davidson Acts as Exclusive Strategic and Financial Advisor to TPG Software in Its Sale to Abrigo

April 2, 2024

D.A. Davidson & Co. announced today that it served as exclusive strategic and financial advisor to TPG Software, an industry leader in investment accounting and management solutions, in its sale to Abrigo, a leading provider of compliance, credit risk, and lending solutions for financial institutions.

UTPG optimizes critical risk management, accounting, and reporting processes for a diverse range of investments, spanning fixed income, derivatives, and various assets. Renowned as an industry leader, TPG’s innovative solutions seamlessly integrate automated transaction approval into institutional workflows, ensuring alignment with investment policies and risk profiles. Moreover, TPG simplifies accounting complexities by consolidating general ledger entries and comprehensive reporting on a unified platform. With a significant presence across U.S. banks, TPG stands out in the investment accounting solutions market, offering unparalleled expertise and robust capabilities.

TPG Software expands Abrigo’s suite of technical accounting solutions and strengthens its risk management and reporting capabilities, which are vital given the industry’s focus on liquidity, capital requirements, and earnings. Adding TPG to Abrigo’s CECL, stress testing, income recognition, asset/liability management, and credit monitoring solutions fortifies Abrigo’s position as a one-stop shop for the office of the CFO.

“The team at D.A. Davidson was instrumental in driving a successful process for us and we are thankful for the guidance the team provided and appreciative of their commitment to excellence throughout the process,” said Ursula Felmet, CEO of TPG Software. “Their transaction expertise, extensive network, critical thinking, and unparalleled understanding of the industry played a critical role in driving a terrific outcome for TPG Software and its shareholders.”

This transaction highlights the ongoing success of D.A. Davidson’s Technology Investment Banking practice, which has completed 110+ transactions representing approximately $21 billion in value since 2020. With the recent acquisition of Marlin & Associates, D.A. Davidson is one of the most active technology groups in the United States. D.A. Davidson's technology practice brings sector knowledge, transactional expertise, and full-service capabilities to our clients.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 29 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.

Deal Team Contacts

Tom Selby, Managing Director | [email protected]
Jordan Wittbrot, Vice President | [email protected]