Deal Details
TA Acquires Divisions of Community Brands
Summary
TA Associates (“TA”) has acquired divisions of Community Brands, Association & Events (“A&E”) and Nonprofit Solutions, to create a new strategic platform, Momentive Software (“Momentive”). Terms of the transaction have not been disclosed.
Baird served as financial advisor to TA Associates on this transaction.
About
TA Associates 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. TA is headquartered in Boston, Massachusetts.Momentive Software (formerly Community Brands) amplifies the impact of over 30,000 purpose-driven organizations in over 30 countries. Mission-driven organizations and associations rely on Momentive’s cloud-based software and services to solve their most critical challenges: engage the people they serve, simplify operations and grow revenue. Built with reliability at the core and strategically focused on events, careers, fundraising, financials and operations, their solutions suite is bound by a common purpose to serve the organizations that make our communities a better place to live. Momentive is headquartered in Austin, Texas.
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- Date
- July 2024
- Company
- TA Associates
- Transaction
- M&A - Buyside
- Sectors
- Technology & Services
- Verticals
-
Software
- Target Geography
- North America
- Acquiror Geography
- North America
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