The London Private Equity team advised TA Associates in its definitive agreement with Genstar Capital to merge their portfolio companies, Compusoft and 2020 Technologies, respectively. The transaction, which closed on November 30, 2021, creates a leading provider of space planning solutions for the residential and commercial segments. The newly-combined company is majority owned by TA and Genstar. Financial terms were not disclosed.
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries — technology, healthcare, financial services, consumer and business services — the firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 535 companies around the world. TA has raised $47.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year.
The multidisciplinary and cross-border Goodwin team is being led by Carl Bradshaw and Chris Buck and included Christian Iwasko, Alex Lindsay, Dulcie Daly, Howard Cubell, Satvi Vepa, Hugh O’Sullivan, Richard Hughes, Nadim Islam, Gretchen Scott, Andy Lacy, Brady Cummins, Ben Alexander and Benjamin Bechhofer.
Goodwin also acted for TA on its initial investment in Compusoft in 2018.
For additional details on the merger announcement, please read the June 30 press release.