Investment Summary

TA Associates Invests In IGEL

On February 15, 2021, private equity firm TA Associates invested in software company IGEL

Investment Highlights
  • This is TA Associates’ 70th transaction in the Software sector.
  • This is TA Associates’ 8th transaction in Germany.

Investment Summary

Date 2021-02-15
Target IGEL
Sector Software
Investor(s) TA Associates
Deal Type Growth Capital

Target

IGEL

Bremen, Germany
IGEL provides an edge OS for cloud workspaces. IGEL’s Linux-based OS supports endpoint devices at businesses leveraging virtual desktop or desktop-as-a-service infrastructure. The company’s broader suite of solutions provides centralized management and remote connectivity capabilities for devices running IGEL OS. IGEL was founded in 2001 and is based in Bremen, Germany.

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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 319 of 375
Sector: Software M&A 70 of 90
Type: Growth Capital M&A Deals 116 of 135
Country: Germany M&A 8 of 9
Year: 2021 M&A 5 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Orisha

Paris, France

Orisha is a B2B software company focused on acquiring and growing highly-verticalized ERP and PoS software vendors. The Group addresses more than 30 vertical sectors, including health, insurance, retail, trading, real estate and tourism. Orisha provides a number of centralized/corporate resources, including financial, marketing and HR support, and promotes the implementation and sharing of best practices in product development, lead generation, sales execution and customer service. Orisha was formed in 2003 and is based in Paris, France.

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FOLLOWING 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.

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