TA Associates and Updata Partners said Wednesday they plan to make a “significant” investment in Nintex Group. Financial terms were not announced. Nintex, of Melbourne, Australia, is a software provider. Macquarie Capital is currently a Nintex investor. The Wall Street Journal said the consortium’s offer for Nintex was valued at US$222 million. Spurrier Capital Partners and Macquarie provided advisory services to Nintex.
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Hong Kong-based global network and satellite communications service provider SpeedCast has completed a buyout of Elektrikom Satellite Services, a maritime satellite communications service provider based in the Netherlands. TA Associates is SpeedCast’s majority shareholder.
Mutual fund giant Franklin Resources said it will buy a majority stake in funds of hedge funds K2 Associates, writes Reuters. Franklin, which oversees roughly $731 billion in assets, will pay an undisclosed amount for the bulk of K2, which manages $9.3 billion. K2 will use the proceeds to buy back a stake in itself from TA Associates and to retire all of its deb obligations, writes Reuters.
The New York Times confirms its in talks to sell About.com after nearly seven years.
Kevin Landry’s retirement from TA Associates, the Boston-based firm he helped build for 45 years, has been in the works for about 10 years, Buyouts reported yesterday, citing an interview with Managing Director Brian Conway. The Boston Globe reported on Landry’s retirement in a lengthy Aug. 5 profile. Landry is 68 and has been [...]
Answers, which is backed by TA Associates and Summit Partners, said Wednesday that it has acquired ResellerRatings. Financial terms weren’t announced. ResellerRatings provides merchant reviews that help shoppers find online retailers. PRESS RELEASE ST. LOUIS, MO, August 1, 2012 – Answers, the world’s top destination for trusted Q&A content, announced today that it has acquired [...]
TA Associates takes a minority stake in Forgame Tech, a Chinese web game company.
Kohlberg Kravis Roberts has announced a $150 million growth equity investment in Fotolia. KKR, TA Associates and management also worked with KKR Capital Markets and a number of relationship banks to put in place a $150 million senior financing for the company. Fotolia received its first growth investment from TA Associates in 2009. Headquartered in [...]