Press Release July 08, 2015

Goodwin Advises TA Associates on Investment in Atria Convergence Technologies; ACT Raises $500 Million

Goodwin Procter attorneys advised private equity firm TA Associates in connection with an approximately $500 million combined investment from TA and Argan (Mauritius) in Atria Convergence Technologies Pvt. Ltd. (ACT). The transaction is subject to customary closing conditions. Additional terms were not disclosed.

TA Associates is a global growth private equity firm. The firm has invested in more than 450 companies around the world and has raised $18 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries.

Atria Convergence Technologies (ACT) is a state-of-the-art broadband information, entertainment and communications provider. ACT has been a pioneer in developing the ultra speed and high bandwidth broadband market in South India under its flagship brand, “ACT Fibernet”. As per TRAI’s latest report, ACT is the fourth largest wired broadband service provider in India, with industry-leading growth rates. The company is headquartered in Bangalore.

The Goodwin team advising TA was led by Hong Kong-based partner Yash Rana and included Brian McDaniel, Howard Cubell, Rich Matheny, Dan Karelitz, Ananath Lakshman and Abhishek Krishnan. The firm was recently recognized as a leading international firm for India work by the India Business Law Journal.

To learn more about the transaction, please read the TA press release.