TA Associates is considering selling its majority stake in Accion Labs Holdings and is seeking a valuation of about $1bn for the Pittsburgh-based technology company, according to a report by Bloomberg citing people familiar with the plan.
The private equity firm is working with a financial adviser on the potential sale, the people said, asking not to be identified because the plan is private.
Considerations are ongoing and may not result in a sale, the people said.
Accion was founded in 2011 and specialises in helping companies to deploy emerging technologies, its website shows. TA Associates, which has offices in the US, UK, India and Hong Kong, invested an undisclosed amount in Accion in 2020 and 2023.
