TA Associates to partner with OTPP in growing Flexera

U.S. private equity firm TA Associates has agreed to invest in Flexera Software LLC, an Itasca, Illinois-based software supply chain specialist. No financial terms were released for the deal, which is expected to close early next year. As a result, TA Associates will acquire equity from existing shareholders and join lead investor Ontario Teachers’ Pension Plan. The Canadian pension fund bought a majority stake in Flexera from U.S. private equity firm Thoma Bravo in 2011. The new partnership will support the company's continued organic and acquisition-led growth.

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