US-based buyout firm TA Associates has dipped into a mezzanine fund to finance an acquisition by a software company that it has a 22% stake in, highlighting the growing role of private equity in underwriting deals.
TA Associates has provided â¬26m ($40m) of debt for a â¬217m ($339m) bolt-on acquisition by portfolio company Sophos, the Anglo-American software company that TA Associates has invested in since 2002.
