The Goodwin Private Equity team is advising TA Associates (together with its affiliated investment funds, “TA”), alongside Fortissimo, in connection with their agreement to sell a majority stake in Priority Software to Blackstone. TA and Fortissimo will retain a stake in Priority Software.
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. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. 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.
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Blackstone’s more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds.
Priority Software is a leading provider of scalable and agile cloud business management solutions for various industries and organizations of all sizes, from global enterprises to small and growing businesses. Recognized by top industry experts and analysts for its product innovation, Priority provides real-time access to business data and insights from any desktop or mobile device, enabling organizations to increase operational efficiency, improve the customer experience, identify new opportunities, and outpace the competition.
The Goodwin team included Carl Bradshaw, Saya Sharma, Stefania Athanassopoulou and Marcus Walford (London, PE M&A); Leon Johnson and Jesse O’Connell (US, PE M&A); Eram Khan and Sophie Entwisle (Anti-Trust); Steven Clemens (Tax), Jacqueline Klosek (IP), Ben Tschann (Real Estate), Malhar Naik (Employee Benefits), Lee Douthitt (Labor) and Glynn Barwick (Regulatory Compliance).
For additional details on the investment, please read the press release.