The Private Equity team advised TA Associates and its portfolio company Power Line Systems on the definitive agreement for Bentley Systems, Incorporated (Nasdaq: BSY) to acquire Power Line Systems for approximately $700 million.
TA Associates is a leading global growth private equity firm focused on targeted sectors within the technology, healthcare, financial services, consumer, and business services industries.
Power Line Systems is a leader in software for the design of overhead electric power transmission lines and their structures.
Bentley Systems is an infrastructure engineering software company.
For more details, read the press release.