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Investment Summary

TA Associates Invests In AboveNet

On January 13, 2011, private equity firm TA Associates invested in communications company AboveNet

Investment Highlights
  • This is TA Associates’ 12th transaction in the Communications sector.
  • This is TA Associates’ 155th transaction in the United States.
  • This is TA Associates’ 14th transaction in New York.
Investment Fate
  • AboveNet was sold to a strategic buyer in 2012 for 2.2B USD.

Investment Summary
Date 2011-01-13
Target AboveNet
Sector Communications
Investor(s) TA Associates
Deal Type PIPE

Target

AboveNet

White Plains, New York, United States
AboveNet provides high-bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among top U.S. metro markets and globally. AboveNet’s network is widely used in demanding markets such as financial services, media, healthcare, retail and government.

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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 178 of 374
Sector: Communications M&A 12 of 15
Type: PIPE M&A Deals 4 of 4
State: New York M&A 14 of 23
Country: United States M&A 155 of 270
Year: 2011 M&A 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-11 MicroSeismic

Houston, Texas, United States

MicroSeismic is a geophysical service company providing real-time monitoring and mapping of hydraulic fracture operations for the development of unconventional oil and gas plays. MSI is the pioneer in monitoring microseismic activity utilizing surface and near-surface arrays. MicroSeismic was founded in 2003 and is based in Houston, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-20 WellMed Medical Management

San Antonio, Texas, United States

WellMed owns physician groups in Texas. These practices are almost completely converted to global risk contracting for both commercial and Medicare lives.

Sell -
Mergr

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