TA Associates
AUM: $14.1 billion
TA Associates Management, L.P., formerly known as TA Associates, Inc., is a private equity and venture capital firm specializing in equity and debt capital, mezzanine, management buyouts, PIPES, turnaround, minority recapitalization, leveraged recapitalization or liquidity with leverage for shareholders, purchasing stocks from owners, expansion, growth capital and working capital for growth, mid-market, subordinated debt, and financing acquisition in middle market and mature companies.
The firm targets investments globally in companies based in Asia Pacific, Greater China, Korea, Norway, Sweden, Denmark, Germany, Indonesia, Australia, North America with a focus on the United States, Europe, Asia, Scandinavia, India, and other emerging markets.
The firm typically invests between $5 million and $600 million in equity and between $10 million to $50 million in subordinated debt transactions in the companies with enterprise values between $50 million and $5000 million. Within India the firm invests between $45 million and $125 million.
It can also make larger investments through its limited partners. The firm usually takes majority or minority positions (i.e., without voting control), seeking ownership control but never takes operating control of its portfolio companies. It seeks to act as the lead investor.
The firm makes investments with other investment firms, strategic investors, and angel investors as well and prefers to acquire a board seat or a board level advisor seat in its portfolio companies. It typically exits its investments in five years through full sale or IPO.
TA Associates Management, L.P. was founded in 1968 and is based in Boston, Massachusetts with additional offices in Menlo Park, California; Mumbai, India; Central, Hong Kong; and London, United Kingdom.
Areas of expertise
The firm primarily invests in private companies globally with a focus on technology, technology-based services, payment technology, consumer and retail, energy, telecommunication, investment management, education, online, internet and internet infrastructure, command control and communication equipment, business to business, consumer staples, computers, consumer services and products, media, software, restaurant, financial services, business services, and healthcare businesses.
