Global private investment firm TA Associates (TA) has acquired a majority stake in Solifi, a global fintech software partner for secured finance, with existing investor Thoma Bravo retaining a meaningful investment in the business.
According to a press statement, the transaction will “accelerate Solifi’s growth by supporting product innovation, driving expansion into adjacent financing markets and new geographies, and delivering enhanced value to its customers”.
Solifi provides scalable front-and back-office software that helps customers manage their asset finance portfolios across equipment, automotive, wholesale, and working capital finance. Clients include many of the world’s largest banks as well as independent and captive finance organisations. The company’s of over 650 people operates globally with dual headquarters in Minneapolis, US, and Milton Keynes, UK, and regional offices in Australia, Austria, Canada, Germany, and India.
Goodwin Procter LLP provided legal counsel to TA. Jefferies LLC served as financial advisor and Kirkland & Ellis LLP provided legal counsel to Solifi. Financial terms of the transaction have not been disclosed.
