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Investment Summary

TA Associates Invests In K2 Advisors

On March 27, 2007, private equity firm TA Associates invested in financial services company K2 Advisors

Investment Highlights
  • This is TA Associates’ 24th transaction in the Financial Services sector.
  • This is TA Associates’ 131st transaction in the United States.
  • This is TA Associates’ 6th transaction in Connecticut.
Investment Fate
  • K2 Advisors was sold to a publicly-traded strategic buyer in 2012.

Investment Summary
Date 2007-03-27
Target K2 Advisors
Sector Financial Services
Investor(s) TA Associates
Deal Type Stake Purchase
Advisor(s) Freeman & Co. (Financial)
Cleary Gottlieb Steen & Hamilton (Legal)

Target

K2 Advisors

Stamford, Connecticut, United States
K2 Advisors is a fund of hedge funds with over $5.5 billion under management serving both institutional and private investors globally. The firm manages low volatility investment strategies designed to produce absolute returns with a low correlation to traditional equity and fixed income markets. K2’s clients are predominantly institutional investors who value K2’s thorough risk management process and security-level transparency.

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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 144 of 374
Sector: Financial Services M&A 24 of 51
Type: Stake Purchase M&A Deals 9 of 39
State: Connecticut M&A 6 of 8
Country: United States M&A 131 of 270
Year: 2007 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-20 Jupiter Fund Management

London, United Kingdom

Jupiter Fund Management is a fund management group, managing investments for both private and institutional investors. Jupiter Fund Management was founded in 1985 and is based in London, England.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 First Eagle Investment Management

New York, New York, United States

First Eagle Investment Management is an asset management firm which manages assets on behalf of institutional and individual clients. With the core purpose of providing prudent stewardship of its clients’ assets, the Firm is focused on fundamental, flexible and benchmark-agnostic investing, including strategies which seek to provide clients with downside protection. First Eagle Investment Management was founded in 1864 and is based in New York, New York.

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