TA Associates has sold its stake in M and M Direct to fashion chain Bestseller for around £140m, ending the company’s 10-year private equity involvement and dropping plans for an IPO.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018