TierPoint buys Cosentry from TA Associates

By Luisa Beltran — 3 weeks ago

TierPoint LLC said Wednesday that it acquired Cosentry. Financial terms weren’t announced. TA Associates is the seller; they will become a significant investor in TierPoint. Other investors include RedBird Capital Partners, Cequel III, Ontario Teachers’ Pension Plan, Stephens Group, JZ Advisers and Thompson Street Capital Partners. Omaha-based Cosentry provides cloud, colocation and managed services.

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TA Associates closes Eurowag investment

By Luisa Beltran — 4 weeks ago

TA Associates said it completed its minority investment in W.A.G.payment solutions, which is known as Eurowag. Financial terms weren’t announced. Prague-based Eurowag is a provider of payment solutions for freight and passenger carriers across Europe and Turkey.

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TA Associates to invest $187 mln in StorageCraft

By Iris Dorbian — 4 weeks ago

TA Associates has agreed to invest $187 million in StorageCraft Technology Corp. Based in Draper, Utah and Cork, Ireland, StorageCraft is a provider of backup and recovery software. In addition to the funding, the company has named Matt Medeiros as chairman and CEO.

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TA Associates promotes nine

By Luisa Beltran — 1 month ago

TA Associates said Thursday that William D. Christ, Hythem T. El-Nazer, J. Morgan Seigler and Naveen Wadhera were promoted to Managing Director. Dhiraj Poddar and Patrick Sader were named Director, Jason S. Mironov was elevated to Principal, Clara M. Jackson was made a Senior Vice President and Daniel Brujis was promoted to Vice President.

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Silversmith beefs up team with four additions

By Iris Dorbian — 4 months ago

Silversmith Capital Partners has hired Marc Munfa as a principal, Brian Peterson and Srikant Rao as vice presidents and Nikhil Marathe as a senior associate. Prior to joining Silversmith, Munfa was a vice president at JMI Equity, Peterson was a vice president at Sterling Partners, Rao was senior director of advertising products at Salesforce.com and Marathe was an associate at TA Associates.

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TA Associates and Reverence Capital to buy Russell Investments for $1.15 bln

By Iris Dorbian — 4 months ago

TA Associates and Reverence Capital Partners have agreed to acquire Seattle-based investment manager Russell Investments from London Stock Exchange for $1.15 billion. The deal is expected to close in the first half of 2016. As a result of the transaction, Milton Berlinski, a managing partner at Reverence Capital will join Russell Investment’s board of directors as will TA Associates’ Managing Directors Todd Crockett and Roger Kafker. J.P. Morgan and Goldman Sachs are advising LSEG and Russell Investments while Broadhaven Capital Partners is doing likewise for TA Associates and Reverence Capital.

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TA Associates to buy majority stake in Miratech

By Iris Dorbian — 5 months ago

TA Associates has agreed to acquire a majority stake in Austin, Texas and UK-based Miratech, a provider of enterprise legal management solutions for corporate legal departments. No financial terms were disclosed. In addition to the funding, Hythem El-Nazer and Ashu Agrawal of TA Associates have been added to Miratech’s board of directors. Also, as a result of the transaction, Vista Equity Partners has exited its stake in Miratech.

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TA Associates to buy Mitratech

By Luisa Beltran — 5 months ago

TA Associates has agreed to acquire a majority stake of Mitratech. Vista Equity Partners is the seller. Financial terms weren’t announced. Austin-based Mitratech provides software solutions for legal departments. William Blair advised Mitratech/Vista while Marks Baughan Securities advised TA Associates.

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Thoma Bravo to buy majority stake in DigiCert

By Iris Dorbian — 5 months ago

Thoma Bravo LLC has agreed to acquire a majority stake in Lehi, Utah-based DigiCert, a provider of trusted certificate management solutions. The seller is TA Associates, which will retain a minority stake in DigiCert as part of the transaction. No financial terms were disclosed. Jefferies LLC provided financial advice to Thoma Bravo while Evercore did likewise for DigiCert. Jefferies Finance LLC and Fifth Street Asset Management provided the financing for the deal.

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TA Associates adds four VPs

By Luisa Beltran — 6 months ago

TA Associates said Wednesday that Amara Suebsaeng, Alex Melamud and Max Cancre have rejoined the firm as Vice Presidents in Boston, Menlo Park and London, respectively. John DiCola has joined the firm as a Vice President in Boston.

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TA Associates invests in Plusgrade

By Luisa Beltran — 6 months ago

TA Associates said Tuesday it has invested in Plusgrade. Financial terms weren’t announced. With offices in Montreal, Canada and New York, Plusgrade provides revenue solutions for the travel industry.

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TA Associates invests in CCRM

By Luisa Beltran — 6 months ago

TA Associates said Tuesday it has completed a growth equity investment in CCRM. Financial terms weren’t announced. Lone Tree, Colorado-based CCRM operates a network of fertility clinics with locations in Colorado, California, Minnesota, Texas and Toronto, Canada.

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