The Private Equity team advised TA Associates (TA) on their significant growth investment in AGA Benefit Solutions (AGA). TA has partnered with AGA’s management team who will remain in place and continue to be major shareholders of AGA. Private equity firm Novacap which invested in the business in 2020 out of its inaugural financial services fund, will transition its ownership position as part of the transaction.
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries—technology, healthcare, financial services, consumer and business services. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong.
AGA Benefit Solutions is a Canadian leader in the development and administration of customized group insurance plans and group retirement plans. Founded more than 45 years ago, AGA Benefit Solutions serves today more than 2,700 clients, supports over 200,000 members with the management and adjudication of their claims, and boasts over a $1 billion in premiums and group retirement assets under management.
The Goodwin team was led by Michael Kendall and Katherine Baudistel.
For additional details on the investment, please read the press release.