TA Associates Management LP

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TA Associates is an American private equity firm, investing in profitable companies within 5 core sectors: Business services, Consumer, Financial services, Healthcare, and Technology sectors, as well as offering financial solutions. TA Associates serves clients worldwide, and is headquartered in Boston, Massachusetts.

The firm was founded in 1978, when it became independent from its parent company Tucker, Anthony & RL Day Inc, now part of Royal Bank of Canada's Wealth Management division. Since its founding, the firm has been a lead investor in ~500 companies around the world, and been ranked among the 50 largest private equity firms globally.ref The firm’s 80+ investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.

Portfolio Companies

Current

  • Jul.2019: TA Associates to Acquire Wealth Enhancement Group from Lightyear Capital.link
  • Jun.2018-:
    Flag-Jersey.svg
    Merian Global Investors was formed when Quilter plc,[1] formerly known as "Old Mutual Wealth Management Ltd", sold its Single Strategy asset management business to its management team, financed by TA Associates.ref ref, TA Webpage,ref
    •  ??.2020: Merian Global Investors (UK) Ltd was sold to Jupiter Fund Management plc. The acquisition made Jupiter the UK's 2nd-largest retail fund manager - and also led to job cuts.ref
  • Jun.2018: Insightsoftware: TA Associates acquired Global Software Inc and Insightsoftware.com International, two enterprise resource planning software developers, for undisclosed terms. ERP software is a suite of integrated applications that allow businesses on a real-time basis to collect, store, and manage data from various activities across the enterprise. TA is combining the two companies under the name Insightsoftware, headquartered in Raleigh, North Carolina, with offices in Denver, Colorado; London, England; and Perth, Australia.ref Insight website
  • May.2018: TA Associates announced that it has completed an investment in Datix, a specialty healthcare patient safety software provider. Existing investor Five Arrows Principal Investments, the European corporate private equity business of Rothschild Merchant Banking, will maintain a significant equity stake in Datix. Datix is focused on the health and social care sector. Its customers include public and private hospitals, primary care providers, GP surgeries, mental health and ambulance service providers. Within the UK, this includes more than 80% of the National Health Service.ref Datix website
  • Feb.2015: NorthStar Financial Services Group LLC: acquired a majority interest in the company and its 9 subsidiary wealth management industry service providers. Primary business units are CLS Investments, Gemini Alternative Funds, Gemini Fund Services, Gemini Hedge Fund Services, Northern Lights Compliance Services, Northern Lights Distributors and Orion Advisor Services. headquartered in Omaha, Nebraska.ref nstar-financial.com
  • Omnia Partners, link

Historic

  • Jun.2008-Apr.2011: Wind Telecom SpA, formerly "Weather Investments SpA". TA partnered with its competitors Apax Partners and Madison Dearborn to buy the European telecommunications firm Weather Investments. Weather Investments is based in Rome, but its network of mobile, fixed and Internet communication services stretches to Algeria, Bangladesh, Egypt, Greece, Pakistan and Tunisia.ref Sold to multinational telecommunications company VimpelCom LtdWikipedia-W.svg (now VEON Ltd. Webpage Wind TelecomWikipedia-W.svg
  • 2007-Jun.2010: Jupiter Fund Management plc completed its IPO. TA Associates' investment in London-based Jupiter Asset Management was the largest private equity-backed MBO of a fund management business. Jupiter Asset Management is a leading asset manager in Europe. The transaction was completed with the help of a “covenant-lite” loan (a less restrictive loan) that comes with “no financial covenants” or restrictions on debt.ref, Webpage
  • 2005: InterContinental Exchange: InterContinental Exchange Inc completed its IPO.ref
  • 1993: Affiliated Managers Group Inc was organised by TA with an M&A strategy for growth; AMG completed its IPO in 1997.ref
  • 1973: Federal Express: TA invested in every private round of Federal Express, which completed its IPO in 1978.ref
  • 1978: Biogen: TA helped form Biogen NV, which completed its IPO in 1983.ref

Articles

In Jan.2017, there was "a torrent of snow and ice" and temperatures fell to -4°C in the Kansas City area, the location of Vatterott College, one of TA Associates' investments. A homeless student was given shelter for the night within the school library by campus president Brian Carroll to protect him from likely loss of life. In response, corporate management fired Mr Carroll for not protecting school assets.[1][2]
In Dec.2018, after a string of controversies, Vatterott had closed all its campuses.ref

Timeline

  • ?date?: Advent International Corporation is the successor to the international operations of TA Associates. Mr Brooke became Advent’s Chairman and CEO upon leaving TA in 1984.ref
  • 1978: TA Associates became a separate partnership, owned by its management team.ref
  • 1968: TA Associates: Peter Brooke, with Tucker, Anthony's backing, established TA Associates as an affiliate, to make venture capital investments in earlier stage companies.

References

  1. ^ Campus president fired after allowing homeless student to sleep in library to escape sub-zero cold. Even though the library and its contents were unharmed as a result of the student’s overnight stay, TA Associates fired Carroll on the following business day. Tom Cahill, US Uncut, Jan.18.2017.
  2. ^ Trade school fires president after he let homeless student stay in library during sub-zero weather. Brian Carroll, campus president at Vatterott College, allowed a homeless student to sleep overnight in the school's library. He was fired the next business day. TA Associates acquired Vaterott from WellSpring Capital Partners in Sept.2009.ref Fox 5 San Diego, Jan.17.2017.