Harris Williams & Co. Advises TA Associates on its Pending Acquisition of a Majority Interest in Access Technology Group
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that TA Associates is to acquire a majority interest in Access Technology Group (Access), a leading business management software company. Harris Williams & Co. is acting as the exclusive financial adviser to TA Associates. The pending transaction, which is expected to close by the end of January 2015, is being led by Thierry Monjauze and Jonathan Organ from Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group in London.
“Access is a high quality business which has demonstrated outstanding and consistent organic and acquisitive growth driven by its ability to deliver premium, end-to-end ERP software solutions. The investment by TA Associates is a perfect partnership for Access and will enable the company to accelerate its growth and build upon its commanding position in the market. We look forward to seeing the company continue to thrive with its new partner,” said Thierry Monjauze, a managing director in the firm’s TMT Group.
Access' software covers finance, HR and payroll, business intelligence, supply chain, CRM and warehousing, and can be deployed in the cloud, in a hosted environment or on-site. The company's applications help over 6,000 customers, including some of the most innovative and rapidly-growing enterprises in the UK, achieve operational excellence. Colchester-based Access was founded in 1991 and today employs 750 people. In December, it acquired cloud hosting specialist StratoGen.
Founded in 1968, TA Associates is one of the largest and most experienced global middle market growth private equity firms. The firm has invested in more than 440 companies around the world and has raised $18 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s TMT Group has experience across a broad range of sectors, including software, internet and digital media and infrastructure solutions. Within these segments, the TMT Group focuses on targeted subsectors including application software, data and informatics, eCommerce, education technology, energy technology, financial technology, healthcare IT, infrastructure software, IT and tech-enabled services, mobile, online advertising and marketing services, public sector software and telecom, data center and networking solutions. For more information on the firm’s TMT Group and other recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.