Investment Summary

TA Associates Invests In Hummingbird

On January 1, 1993, private equity firm TA Associates invested in software company Hummingbird

Investment Highlights
  • This is TA Associates’ 11th transaction in the Software sector.
  • This is TA Associates’ 2nd transaction in Canada.
  • This is TA Associates’ 2nd transaction in Ontario.
Investment Fate
  • Hummingbird was sold to a publicly-traded strategic buyer in 2006 for 489M USD.

Investment Summary

Date 1993-01-01
Target Hummingbird
Sector Software
Investor(s) TA Associates
Deal Type PIPE

Target

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.

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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 374
Sector: Software M&A 11 of 89
Type: PIPE M&A Deals 1 of 4
State: Ontario M&A 2 of 4
Country: Canada M&A 2 of 9
Year: 1993 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 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.

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 -