TA Associates has emerged as the most likely buyer for fund management group Jupiter Asset Management. The company has been in discussions with a number of private equity firms since its owner, Commerzbank, announced its intention to list Jupiter a year ago.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint