Latest news with #TAAssociates
Bloomberg
6 days ago
- Business
- Bloomberg
TA Considers €4 Billion Sale of Software Firm Unit4
TA Associates is considering a potential sale of Dutch enterprise software company Unit4, according to people familiar with the matter. The investment firm has asked a select group of banks to pitch for a sellside mandate as it seeks to prepare Unit4 for the sale, said the people, who asked not to be identified as the information is private. TA may seek a valuation of around €4 billion ($4.7 billion) for Unit4, some of the people said.
Mint
29-07-2025
- Business
- Mint
Accion Labs sale kicks off; TA Associates, True North eye $1 billion valuation
Mumbai: Private equity investors TA Associates and True North are looking to exit their stakes in Pittsburgh, US-based digital engineering firm Accion Labs Holdings Inc. The two investors have kicked off deliberations for a potential billion-dollar valuation for the company, according to four people familiar with the matter. The sale process is being led by JP Morgan and Avendus, these people said on condition of anonymity. 'The preliminary diligence process is expected to start in the coming weeks and about 20 NDAs (non-disclosure agreements) have been signed," one of the people cited above said. A second person said that the deal is in its initial stages and the information memorandums–the official launch of a deal where details are shared with prospective buyers–were sent out recently. 'The interested parties will begin engaging in early August after which the due diligence process will start," this person added. JP Morgan and Avendus declined to comment. Accion Labs, True North and TA Associates did not immediately respond to Mint's requests for comment. The development marks a significant milestone for the fast-growing tech services company founded by entrepreneur Kinesh Doshi, as it draws interest from global buyers amid sustained demand for next-gen digital engineering capabilities even in a potential recessionary period. According to a report last year from management and strategy consulting firm Zinnov, the global market size for digital engineering products and services stood at $1.03 trillion as of October 2024 and is expected to grow at a compounded annual growth rate of 13% over the next three years. In March 2020, Boston-headquartered TA Associates had leveraged its India pool of capital to pick up a stake in Accion Labs, along with Basil Technology Partners, a Singapore-based specialist technology investor. Two years later, homegrown private equity fund True North, along with some co-investors, picked up a significant minority stake worth $93 million from TA Associates and other shareholders through its Indium VI fund. At the time of the investment, True North highlighted that it aims to invest up to 30% of funds that it manages or advises in tech and digital businesses. To be sure, TA Associates continues to be the majority shareholder in the company. Founded in 2011, Accion Labs focuses on providing digital transformation consulting and services to global enterprises and technology firms. Its client base includes software product firms, e-SaaS firms, e-commerce organizations and e-business organizations. Its offerings range from digital consulting and data to machine learning engineering and automation. The company has more than 4,800 employees globally, spread over 20 locations within the US, Canada, the UK and Asia-Pacific. Accion Labs also has a significant presence in India through strategic partnerships and development centres that contribute to its global revenues. It has strategic partnerships with Pune, India-based e-Zest Solutions, a digital innovations company, and Micro Focus, which has a significant India presence. Within the APAC region, Accion Labs has development centres and offices in Dubai, Mumbai, Pune, Hyderabad, Bangalore, Goa, Singapore, Kuala Lumpur, Manila and Bangkok. Some of its top competitors include UST, Happiest Minds and Endava, as per data from market intelligence provider Tracxn.
Yahoo
09-07-2025
- Business
- Yahoo
傳香港賽馬會計劃出售10億美元美國資產
《彭博》引述消息人士報道，香港賽馬會正計劃出售高達10億美元的投資，主要剝離美國資產，該些投資目前由黑石集團( Associates Management、華平投資及Clayton Dubilier & Rice持有，因在美國總統特朗普上任後，貿易緊張局勢加劇。 消息人士稱，香港賽馬會的資產正通過不同渠道出售，包括一個7億美元的投資組合，認為要在二級市場出售如此大規模的資產並不常見。於今年首季持有香港賽馬會資產的私募股權公司啟動出售程序，部分買家在4月開始審視交易，當中富瑞正牽頭其中一項交易。 (mn/j)~ 阿思達克財經新聞 網址: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
09-07-2025
- Business
- Bloomberg
Hong Kong Jockey Club to Unload $1 Billion in Blackstone, Warburg Funds
The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone Inc. and other buyout firms, offloading US assets amid escalating trade tensions that have intensified since Donald Trump's presidency. The jockey club, which operates the finance hub's horse racing monopoly and is one of the city's biggest asset allocators, is selling mostly US assets held with firms that also include TA Associates Management LP, Warburg Pincus, and Clayton Dubilier & Rice, according to people familiar with the matter, who requested not to be named because the information is private.
Yahoo
30-06-2025
- Business
- Yahoo
TA Associates to invest in Australia's Viridian Financial Group
US-based private equity firm TA Associates is investing in Viridian Financial Group, an Australian financial services company. The terms of the 'strategic investment' remain undisclosed. The deal has received the clearance of Viridian's founders, board of directors, and senior management, who will collaborate with TA to drive the company's next stage of development after the transaction is finalised. The transaction is subject to standard conditions and is anticipated to close in the third quarter of this year. TA Asia Pacific head and TA managing director Edward Sippel said: 'Throughout our multi-year, deep dive into Australia's wealth management sector, Viridian consistently emerged as a leading innovator in its market segment, driven by its compelling asset platform, diversified product offering and strong culture of client and advisor alignment.' Set up in 2015 and based in Melbourne, Viridian oversees approximately $16bn in funds through its three specialised divisions - Viridian Advisory, Infinity Capital Solutions, and Smartmove Lending. These units cater to more than 15,000 clients, offering wealth management, investment solutions, and mortgage broking services. The partnership with TA is expected to bolster Viridian's capabilities by tapping into TA's global expertise and resources in the financial services sector. Viridian chair James Joughin said: 'By combining the strengths of both companies, the Viridian Board anticipates significant synergies, strengthening our position in the market as well as expanding our capabilities. 'We believe this transaction will create significant value for our shareholders in driving future profitability.' In December 2024, TA agreed to invest in Craigs Investment Partners, a wealth management firm based in New Zealand. "TA Associates to invest in Australia's Viridian Financial Group" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
