A minority stake in Fractal Analytics was bought by TA Associates worth $25 million. Fractal Analytics is a company that provides advanced analytics serving several Fortune 500 companies. TA Associates is among the largest private equity firms with focus on middle-market businesses. The financial advisor of Fractal Analytics to the deal was Avendus Capital.
“We believe that the big data space represents a very significant opportunity as companies have understood the power of data driven decision making but are struggling to operationalize and institutionalize analytics inside their organizations,” according to Naveen Wadhera, Country Head and Director of TA Associates Advisory Pvt. Ltd.
Wadhera will join the board of directors of Fractal Analytics as part of the stake acquisition.
“Fractal is one of the most respected players globally in this space and has been experiencing accelerated growth, making it the ideal company with which to partner. We look forward to working with the company’s management team to further build value in Fractal,” added Wadhera.
TA Associates was provided legal counsel by Nishith Desai Associates and Goodwin Procter LLP.