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New Deal


Announced

Completed

True North-backed Indium VI completed the acquisition of a minority stake in Accion Labs from TA Associates for $93m.

Financials

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Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Private

IT Services: Other

data warehouse

business intelligence

web design

mobile device optimization

cloud services

United States

Acquisition

Friendly

Completed

Minority

Private Equity

Single Bidder

Synopsis

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True North-backed Indium VI, a private equity fund, completed the acquisition of a minority stake in Accion Labs, a technology services firm, from TA Associates, a private equity company, for $93m. "We are excited about Accion's deep digital expertise, customer centricity, and its approach to doing business. Most of all, we have strong confidence in the firm's management team to build Accion Labs into a respected global leader," Prasad Thrikutam, True North Partner.

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