M&A Deal Summary

TA Associates Acquires InterSwitch

On March 6, 2017, private equity firm TA Associates acquired financial services company InterSwitch from Helios Investment Partners and Adlevo Capital

Acquisition Highlights
  • This is TA Associates’ 40th transaction in the Financial Services sector.
  • This is TA Associates’ 1st transaction in Nigeria.

M&A Deal Summary

Date 2017-03-06
Target InterSwitch
Sector Financial Services
Buyer(s) TA Associates
Sellers(s) Helios Investment Partners
Adlevo Capital
Deal Type Secondary Buyout

Target

InterSwitch

Victoria Island, Nigeria
InterSwitch is an integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations on a timely and consistent basis. InterSwitch was founded in 2002 and is based in Victoria Island, Nigeria.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 258 of 364
Sector (Financial Services) 40 of 51
Type (Secondary Buyout) 31 of 69
Country (Nigeria) 1 of 1
Year (2017) 8 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 ITRS Group

London, United Kingdom

ITRS Group is an international software vendor to the financial services sector, offering real-time monitoring and analytics software. The company provides solutions to transform masses of business and machine data into actionable insights, supporting better systems and business performance. ITRS serves more than 170 global clients, including 9 out of the top 10 investment banks, as well as exchanges and trading venues, hedge funds, and brokers and vendors. ITRS Group was founded in 1997 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Fincare

Bangalore, India

Fincare enables financial inclusion of the underbanked base of pyramid, mass retail and micro & small enterprise segments. Fincare was founded in 2007 and is based in Bangalore, India.

Buy -

Seller(S) 2

SELLER

Helios Investment Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Helios Investment Partners is a pan-African private equity firm. Helios looks to commit $15 to $200 million per transaction and will consider a broad range of investment situations. These include leveraged buyouts, recapitalizations, joint ventures, seed-stage venture capital, restructurings, and strategic public equity investments. Helios is a generalist investor however the firm has particular interest in communications, financial services, power, travel/leisure, distribution/logistics, and agriculture. Helios was formed in 2004 and is based in London.


DEAL STATS #
Overall 6 of 11
Sector (Financial Services) 3 of 3
Type (Secondary Buyout) 1 of 2
Country (Nigeria) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Axxela

Lagos, Nigeria

Axxela was a pioneer developer of Nigeria’s foremost natural gas distribution network and has grown to become the largest private sector gas distributor in Nigeria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 Solevo

Geneva, Switzerland

Solevo is a specialty chemicals distribution platform operating across eight countries in West and Central Africa, delivering critical inputs to high GDP contributing sectors in life sciences and industrials. Solevo offers a unique one-stop-shop for a range of inputs and chemicals including agriculture, also providing support for over one million small holder farmers, helping them to secure their livelihoods through increased yields and greater crop security, resulting in improved food security and climate resilience across Africa. Solevo was founded in 1918 and is based in Geneva, Switzerland.

Buy -
SELLER

Adlevo Capital

Lagos, Nigeria

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Adlevo Capital is a private equity firm focused on growth-oriented companies in Sub-Saharan Africa. Adlevo generally looks to make equity and equity-linked investments in rapidly growing private companies at various stages of development. Prospective companies typically benefit from technology or technology-driven processes. Adlevo Capital was formed in 2007 and is based in Lagos, Nigeria.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Nigeria) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-16 SOLO Phone Nigeria

Lagos, Nigeria

SOLO Phone Nigeria is an experience-driven digital content and mobile device company focused on delivering content and services on the mobile platform to African consumers. The SOLO management team brings an unusual blend of global sector expertise and deep knowledge of African markets that enable the team to conceive and implement a market-leading, mobile consumer proposition uniquely suited to African markets. SOLO Phone Nigeria was founded in 2012 and is based in Lagos, Nigeria.

Buy -