TA Associates backs List

Following the deal, TA Associates managing directors Morgan Seigler and Naveen Wadhera, and vice-president Stefan Dandl will join the company's board to support the management team in this new phase of expansion.

List plans to use the fresh capital to finance its international growth initiatives, expand its product offering and consolidate its market position.

TA Associates is currently deploying capital from its TA Fund XII, which held a final close on $5.3bn in June 2015, exceeding its original target of $4bn. The vehicle invests in mid-market companies across a wide range of geographies and sectors, including business services, financial services, consumer, healthcare and technology.

Company
Founded in 1985, List is a developer and provider of trading and compliance software for financial institutions, investment banks, asset managers and global corporations. The company's trading and brokerage platform, FastTrade, supports operations in a multi-asset and multi-market environment with modules for pricing, quoting, hedging, position keeping, algorithmic trading and execution management.

List is headquartered in Pisa and has additional offices located across Italy and around the world, including the US, the UK, Spain, Poland, Canada, India and Malaysia.

People
TA Associates – Morgan Seigler, Naveen Wadhera (managing directors); Stefan Dandl (vice-president).
List – Enrico Dameri (co-founder, CEO).

Advisers
Equity – Latham & Watkins (legal); KPMG (corporate finance).
Company – NCTM Studio Legale (legal); Studio MCCR (corporate finance).

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• Topics
• Expansion
• Southern Europe
• Technology
• TA Associates
• Italy