Investment Summary

OceanSound Partners and TA Associates Invest In Kinective

On December 1, 2021, private equity firms OceanSound Partners and TA Associates invested in software company Kinective

Investment Highlights
  • This is OceanSound Partners’ 1st and TA Associates’ 76th transaction in the Software sector.
  • This is OceanSound Partners’ 5th and TA Associates’ 249th transaction in the United States.
  • This is OceanSound Partners’ 1st and TA Associates’ 1st transaction in Arizona.

Investment Summary

Date 2021-12-01
Target Kinective
Sector Software
Investor(s) OceanSound Partners
TA Associates
Deal Type Stake Purchase

Target

Kinective

Gilbert, Arizona, United States
Kinective is a developer of middleware and application software solutions for the retail banking end-market, serving nearly 2,500 banks and federal credit unions. Kinective was founded in 2006 and is based in Gilbert, Arizona.

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Investor(S) 2

Investor

OceanSound Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

OceanSound Partners is a private equity firm that makes control investments in technology and technology-enabled services companies serving government and enterprise end markets. The Firm seeks situations where it can be a hands-on investor, helping partner companies with its experience in supporting growth initiatives. OceanSound Partners was formed in 2018 and is based in New York City.


DEAL STATS #
Overall 5 of 9
Sector (Software) 1 of 2
Type (Stake Purchase) 1 of 1
State (Arizona) 1 of 2
Country (United States) 5 of 9
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 DMI

McLean, Virginia, United States

DMI is a global technology solutions company that specializes in digital strategy, design, transformation, and support. The company offers solutions for AI and analytics, commerce, customer experience, cloud platforms, application development, mobile, and cybersecurity. DMI was formed in 2002 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 CFM

Tempe, Arizona, United States

CFM is a provider of connectivity, workflow, and analytics software solutions for over 2,500 banks and credit unions in North America. The company helps financial institutions create modern banking experiences, reduce operating costs, improve in-branch productivity, and achieve their IT modernization goals. CFM was formed in 2006 and is based in Tempe, Arizona.

Buy -
Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 335 of 363
Sector (Software) 76 of 86
Type (Stake Purchase) 36 of 39
State (Arizona) 1 of 1
Country (United States) 249 of 263
Year (2021) 22 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Tega Industries

Kolkata, India

Tega Industries offers a range of products and services used in mining, mineral processing, screening, grinding and material handling. Tega’s primary offering is customized wear-resistant mill liners that are used for grinding and sizing of mineral ores. Tega Industries was founded in 1976 and is based in Kolkata, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 RateGain

Noida, India

RateGain is a provider of SaaS-based hospitality and travel technology solutions. RateGain provides revenue management and distribution channel management software, and real-time pricing data and analytics, to help businesses streamline operations and sales. RateGain was founded in 2004 and is based in Noida, India.

Sell -