Investment Summary

TA Associates and NB Private Equity Partners Invest In Benecon

On December 15, 2020, private equity firm TA Associates and asset manager NB Private Equity Partners invested in insurance company Benecon

Investment Highlights
  • This is TA Associates’ 9th and NB Private Equity Partners’ 3rd transaction in the Insurance sector.
  • This is TA Associates’ 236th and NB Private Equity Partners’ 19th transaction in the United States.
  • This is TA Associates’ 13th and NB Private Equity Partners’ 1st transaction in Pennsylvania.

Investment Summary

Date 2020-12-15
Target Benecon
Sector Insurance
Investor(s) TA Associates
NB Private Equity Partners
Deal Type Growth Capital
Advisor(s) Griffin Financial Group (Financial)

Target

Benecon

Lititz, Pennsylvania, United States
Benecon provides self-funded medical benefit programs, offering a full suite of actuarial, compliance, finance and producer services to thousands of public and private sector employers and hundreds of thousands of employees across the United States. Benecon’s offering allows employers to effectively control benefit plan expenditures and design programs that meet both the strategic needs of the employer and the personal needs of the employees. Benecon was founded in 1991 and is based in Lititz, Pennsylvania.

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Investor(S) 2

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 313 of 374
Sector: Insurance M&A 9 of 11
Type: Growth Capital M&A Deals 114 of 135
State: Pennsylvania M&A 13 of 13
Country: United States M&A 236 of 270
Year: 2020 M&A 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Flexera

Itasca, Illinois, United States

Flexera is a provider of strategic software solutions for application usage management. The Company's solutions help clients deliver continuous compliance optimized usage and maximized value to application producers and their customers. Flexera was founded in 1987 and is based in Itasca, Illinois.

Sell $2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Mid America Pet Food

Mount Pleasant, Texas, United States

Mid America Pet Food is a developer and manufacturer of premium pet food products with brands including Victor Super Premium Dog Food. Mid America Pet Food was founded in 2007 and was based in Mount Pleasant, Texas.

Buy -
DESCRIPTION

NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.


DEAL STATS #
Overall 32 of 39
Sector: Insurance M&A 3 of 3
Type: Growth Capital M&A Deals 4 of 4
State: Pennsylvania M&A 1 of 1
Country: United States M&A 19 of 24
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 A&E Medical

Farmingdale, New Jersey, United States

A&E Medical Corp. is a designer and manufacturer of a high strength sternum closure system along with a wide variety of temporary cardiac pacing wires and extension leads, stainless steel sutures, surgical punches, electrosurgical instruments, and neurosurgical scalp clips. A&E Medical was founded in 1968 and is based in Farmingdale, New Jersey.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 DoubleVerify

New York, New York, United States

DoubleVerify is a provider of online media verification, offering a comprehensive suite of advertising verification monitoring, blocking, and compliance solutions. DoubleVerify was incorporated in 2008 and is based in New York, New York.

Sell -