Investment Summary

TA Associates Invests In AMG

On January 1, 1993, private equity firm TA Associates invested in financial services company AMG

Investment Highlights
  • This is TA Associates’ 6th transaction in the Financial Services sector.
  • This is TA Associates’ 33rd transaction in the United States.
  • This is TA Associates’ 2nd transaction in Florida.
Investment Fate
  • AMG was sold to a financial buyer in 1995.
  • AMG went public in 1997.

Investment Summary

Date 1993-01-01
Target AMG
Sector Financial Services
Investor(s) TA Associates
Deal Type Stake Purchase

Target

AMG

West Palm Beach, Florida, United States
AMG is a global asset management company that provides investment solutions to institutions, financial advisors, and high-net-worth individuals. AMG has a portfolio of more than 40 boutique investment management firms across a range of asset classes and investment styles. AMG was incorporated in 1993 and is headquartered in West Palm Beach, Florida.

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Investor(S) 1

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 37 of 375
Sector: Financial Services M&A 6 of 51
Type: Stake Purchase M&A Deals 1 of 39
State: Florida M&A 2 of 18
Country: United States M&A 33 of 271
Year: 1993 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Hummingbird

Toronto, Ontario, Canada

Hummingbird Ltd. is an enterprise software and solutions company that specializes in the development of decision-enabling web-based work environments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-08-30 Vantage Health Systems

Memphis, Tennessee, United States

Vantage Health Systems, Inc. (Formerly VHA Long Term Care, Inc.) manages nursing homes and other long-term care facilities. The company was acquired by ServiceMaster (NYSE: SVM), a holding company that provides various services through its subsidiaries, in August 1993.

Sell -