Investment Summary

TA Associates Invests In PrimeRx

On February 24, 2022, private equity firm TA Associates invested in software company PrimeRx

Investment Highlights
  • This is TA Associates’ 79th transaction in the Software sector.
  • This is TA Associates’ 249th transaction in the United States.
  • This is TA Associates’ 20th transaction in New York.

Investment Summary

Date 2022-02-24
Target PrimeRx
Sector Software
Investor(s) TA Associates
Deal Type Growth Capital

Target

PrimeRx

Syosset, New York, United States
PrimeRx is a provider of pharmacy management software. The Company’s software and services enable pharmacists to manage all clinical and operational aspects of their business including prescription management, point-of-sale, signature capture and document and inventory management. PrimeRx is based in Syosset, New York.

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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 338 of 364
Sector (Software) 79 of 86
Type (Growth Capital) 125 of 133
State (New York) 20 of 22
Country (United States) 249 of 263
Year (2022) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 PetPeople

Columbus, Ohio, United States

PetPeople is a retailer of natural and high-quality pet food and supplies, operating 42 stores throughout Ohio, Indiana, Michigan, Illinois and North Carolina. PetPeople stores carry the finest natural pet foods on the market and are committed to providing outstanding customer service and building long-term relationships with their customers. PetPeople associates are pet enthusiasts who engage and educate customers by sharing ideas and providing solutions. PetPeople was founded in 1997 and is based in Columbus, Ohio.

Sell -