TA Associates In Hyperactive Mode This Year
It's only 14 days into the new year and TA Associates has already done more deals than most firms do in a quarter. The firm this week acquired a majority stake in eCircle, a Munich, Germany-based provider of email marketing solutions, for more than €60 million. A day earlier, TA invested $45 million for a minority stake in Micromax Informatics Ltd., the third-largest mobile handset provider in India (a deal aided by the firm's recently opened Mumbai office). That's in addition to the firm's January 2 exit of Logistics Health. TA originally backed Logistics Health back in 2003, with a $72.5 million investment, selling it for an undisclosed amount for Gunderson Lutheran. Earlier this week TA managing director Michael Wilson commented on his firm's pickup in activity at a conference hosted by Gridley & Co. "Sellers are coming out of their fox holes to do deals now," he said. "They're saying, ‘We saw our lives flash before our eyes, and now things are starting to go back to normal. It's not back all the way but its safe enough to think about doing something."
