M&A Deal Summary

TA Associates Acquires Fairstone Group

On February 25, 2021, private equity firm TA Associates acquired financial services company Fairstone Group from Synova

Acquisition Highlights
  • This is TA Associates’ 45th transaction in the Financial Services sector.
  • This is TA Associates’ 14th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-02-25
Target Fairstone Group
Sector Financial Services
Buyer(s) TA Associates
Sellers(s) Synova
Deal Type Secondary Buyout

Target

Fairstone Group

Tyne and Wear, United Kingdom
Fairstone Group is an independent financial adviser consolidation platform. Fairstone utilises a proprietary technology platform to streamline front and back office functions, underpinned by a robust compliance and regulatory framework. Fairstone Group was established in 2008 and is based in Tyne and Wear, United Kingdom.

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Buyer(S) 1

Buyer

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 321 of 374
Sector: Financial Services M&A 45 of 51
Type: Secondary Buyout M&A Deals 54 of 74
Country: United Kingdom M&A 14 of 16
Year: 2021 M&A 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Backstage

Brooklyn, New York, United States

Backstage is an operator of a professional platform that connects actors, singers, dancers, comedians, voiceover artists, variety performers, and crew members with gigs and works with casting directors and content creators to help them find top industry talent. Backstage was founded in 1960 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Auction Technology Group

London, United Kingdom

Auction Technology Group is an online marketplace that provides online auction platforms in multiple verticals. ATG's platform powers live and timed auctions across multiple verticals including art and antiques, classic cars, industrial & commercial, and consumer retail returns. Auction Technology Group was incorporated in 1971 and is based in London, England.

Sell -

Seller(S) 1

SELLER

Synova

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.7B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Synova is an independent private equity firm that invests in mid-market companies throughout the UK. Prospective companies generally possess stable cash flows, strong competitive positions and are led by experienced management teams. Synova looks to invest £15 to £150 million in transactions valued up £250 million. Synova will also consider co-investment situations. The Firm targets companies operating in the consumer products, financial services, leisure, healthcare, education business services, and IT sectors. Funds are generally used to support buyouts and growth capital needs. Synova was formed in 2007 and is based in London.


DEAL STATS #
Overall 11 of 18
Sector: Financial Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 7
Country: United Kingdom M&A 10 of 17
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 JM Glendinning

Leeds, United Kingdom

JM Glendinning provides businesses and individuals to find the right insurance at competitive premiums. JM Glendinning was founded in 1972 and is based in Leeds, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Mediatonic

London, United Kingdom

Mediatonic is a developer and publisher of video games. Mediatonic has launched over 100 games in partnership with some of the world’s largest and fastest-growing game publishers including Scopely and Square Enix. Mediatonic was founded in 2005 and is based in London, United Kingdom.

Sell -