Thoma Bravo-backed IDS to acquire White Clarke Group from Five Arrows Principal Investments.

Thoma Bravo-backed IDS Group, a provider of enterprise mission-critical solutions for secured finance, agreed to acquire White Clarke Group, a provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets, from Five Arrows Principal Investments, a private equity firm. The transaction is expected to close before the end of Q2 2021. Financial terms were not disclosed. “With a comprehensive and flexible technology foundation, these finance providers will be able to support new funding models accelerating the move to digital, servitization, and mobility. Supporting this fast-changing market need is the motivation for bringing our two great companies together creating an unmatched range of secured finance solutions and the ability to support customers globally,” David Hamilton, IDS CEO.