TA Associates Private Equity

TA Associates | Private Equity Profile

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Resource #1: TA Associates Closes $4 Billion Fund

TA Associates, a Boston-based private equity firm, has announced the closing of a $4 billion private equity fund, TA XI, L.P. This fund is the successor to TA X, a $3.5 billion fund organized in March 2006. Here is the press release from TA Associates:

(8.12.2009) The objective of TA XI is to achieve first quartile capital appreciation with relatively modest risk by originating investments in profitable, private companies in growth industries. Investment structures will be flexible and range from minority investments to buyouts.

The Fund will be invested in growth industries in which TA Associates has demonstrated expertise and in which the underlying fundamentals of profitability and growth are superior to those for the overall economy, thereby presenting the opportunity for superior returns. These targeted industries include technology, financial services, business services, healthcare and consumer. The equity investments targeted by TA XI and affiliated funds will generally range from $60 million to $350 million. Read all...

Resource #2: TA Associates Invests in DNCA Finance SA

The following press release on TA Associates covers the private equity firm's recent investment in DNCA Finance SA.    Click here to gain access to the contact details for TA Associates and more than 1,000 other private equity firms in our private equity firm directory.

BOSTON and LONDON, July 28, 2011 – TA Associates, a leading global growth private equity firm, today announced that certain of its private equity funds (collectively “TA Associates”) have completed an investment in DNCA Finance SA, a French asset management firm with €5.8 billion in funds under management. Terms of the investment have not been disclosed.

TA Associates purchased its stake in DNCA from majority shareholder Gruppo Banca Leonardo, the pan-European, Milan-based investment bank. Following the transaction, the shareholder base is now comprised of TA Associates, who will become the largest shareholder, the incumbent management team and Gruppo Banca Leonardo. The management team, which will continue to be led by executive chairman Joseph Chatel and CEO and CIO Jean-Charles Mériaux, will increase their shareholding as part of the transaction and will hold in excess of 40 percent of the equity. Gruppo Banca Leonardo will hold around 10 percent of the equity.

Headquartered in Paris and staffed by 45 employees, DNCA is one of the largest independent fund management boutiques in France. The company was founded in 2000 by Xavier Delaye, Charles Nouailhetas and Joseph Chatel, and now manages a diverse range of equity, bond, convertible and absolute return products investing both in France and internationally. DNCA’s fund stable includes the €1.8 billion Centifolia, one of France’s largest equity funds, managed by renowned fund manager Jean-Charles Mériaux. In March of this year, DNCA was awarded best French Asset Manager in its class at the Grand Prix Eurofonds-FundClass 2011 Awards.

“Having previously made investments in the likes of Jupiter Fund Management in London and First Eagle in the U.S. among many others, TA’s deep experience in the fund management sector was very important to us in selecting a new partner,” said Jean-Charles Mériaux, CEO and CIO of DNCA. “With its significant experience in this sector, TA will be able to assist DNCA with our continued expansion in France and elsewhere in Europe.”

“DNCA is one of only a handful of independent fund managers in the French market that has established a strong brand both amongst distribution partners and with investors,” said Christopher Parkin, Director, TA Associates Ltd., who will join DNCA Finance’s Board of Directors. “The company has a broad fund management team running a diverse range of funds which provide it with significant room to grow.” Ajit Nedungadi, a Managing Director in TA’s London office will also join the board.

“TA has built an impressive reputation in the asset management industry as a sophisticated long-term investor,” said Joseph Chatel, Executive Chairman, DNCA. “We very much look forward to working together to grow the business.”

“This transaction is consistent with our mission to be a leading, independent group, focused on its clients across continental Europe,” said Gerardo Braggiotti, CEO of Gruppo Banca Leonardo. “DNCA continues to be an important partner of our group and we are happy to have advised them to find the best strategic opportunity for their growth.”

TA Associates has more than four decades of investing experience, focusing on profitable growth companies.  The firm is one of the most experienced investors in investment management companies, having invested in 15 firms over the last 22 years. TA’s investments in the asset management industry include Affiliated Managers Group, AIM Management Group (Invesco Ltd.), Evanston Capital Management, First Eagle Investment Management, Jupiter Fund Management, K2 Advisors, Numeric Investors, Stadion Money Management and Thomson Advisory Group (PIMCO).

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