Investment Summary

TA Associates and Summit Partners Invest In Martin Group

On January 1, 1999, private equity firm TA Associates and growth capital firm Summit Partners invested in communications company Martin Group

Investment Highlights
  • This is TA Associates’ 7th and Summit Partners’ 8th transaction in the Communications sector.
  • This is TA Associates’ 74th and Summit Partners’ 103rd transaction in the United States.
  • This is TA Associates’ 1st and Summit Partners’ 1st transaction in South Dakota.
Investment Fate
  • Martin Group was sold to a strategic buyer in 2009.

Investment Summary

Date 1999-01-01
Target Martin Group
Sector Communications
Investor(s) TA Associates
Summit Partners
Deal Type Growth Capital

Target

Martin Group

Mitchell, South Dakota, United States
Martin Group, Inc. provides telecommunications, consulting and engineering services and develops, markets and sells customer care and billing solutions to communications carriers in the United States.

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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 79 of 374
Sector: Communications M&A 7 of 15
Type: Growth Capital M&A Deals 28 of 135
State: South Dakota M&A 1 of 1
Country: United States M&A 74 of 270
Year: 1999 M&A 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Micro Focus Group

Redwood City, California, United States

Micro Focus designs, develops and markets compilers and programmer productivity tools used for business applications development on computer equipment. In 1998, Micro Focus acquired INTERSOLV, Inc., a leading provider of applications enablement technology and services. In 1999, the combined company was renamed MERANT Plc (NASDAQ: MRNT).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-03 Expert Software

Coral Gables, Florida, United States

Expert Software, Inc. is a publisher of high-quality, value-priced consumer software that addresses a broad range of consumer interests and everyday tasks. Expert Software sells over 50 products in the productivity, lifestyle, small office/home office and entertainment market categories.

Sell -
Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 105 of 392
Sector: Communications M&A 8 of 16
Type: Growth Capital M&A Deals 71 of 222
State: South Dakota M&A 1 of 1
Country: United States M&A 103 of 322
Year: 1999 M&A 14 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Virtual Prototypes Inc

Montreal, Quebec, Canada

Virtual Prototypes provides software for rapid prototyping of man-machine interfaces. Some of its products include flight and naval simulation software.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-01 Elumen Solutions

Cincinnati, Ohio, United States

Elumen Solutions provides a range of IT consulting and implementation services to healthcare providers.

Sell -