Goodwin Procter LLP advised TA Associates on the deal.
TA Associates announced its definitive agreement with Genstar Capital to merge their portfolio companies, Compusoft and 2020 Technologies, respectively. The transaction, which is expected to be completed in the second half of 2021, will create a leading provider of space planning solutions for the residential and commercial segments. The newly-combined company will be majority owned by TA and Genstar. The transaction is subject to customary regulatory approvals and closing conditions. 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 (Picture) 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 Rebecca Palfreman
Involved fees earner: Carl Bradshaw – Goodwin Procter; Chris Buck – Goodwin Procter; Howard Cubell – Goodwin Procter; Brady Cummins – Goodwin Procter; Dulcie Daly – Goodwin Procter; Richard Hughes – Goodwin Procter; Nadim Islam – Goodwin Procter; Christian Iwasko – Goodwin Procter; Andrew Lacy – Goodwin Procter; Hugh O’Sullivan – Goodwin Procter; Gretchen Scott – Goodwin Procter; Alex Lindsay – Sidley Austin LLP;
Clients: TA Associates;